Watch Press Briefing: ASEAN+3 Regional Economic Outlook (AREO) Update, July 2024
Watch the press briefing on the latest ASEAN+3 Regional Economic Outlook Update.
Watch the press briefing on the latest ASEAN+3 Regional Economic Outlook Update.
AMRO has kept its 2024–25 growth forecasts for the ASEAN+3 region broadly unchanged at 4.4 percent and 4.3 percent, respectively.
After a moderation to 3.6 percent last year, Malaysia’s growth is projected to accelerate to 4.7 percent in 2024, underpinned by strong domestic demand and a pickup in external demand.
Lao PDR’s economic growth is projected to pick up to 4.5 percent in 2024 from 4.2 percent in 2023.
China’s growth is expected to come in at 5.3 percent in 2024. Consumption remains the primary growth driver, supported by greater traction in investment and a rebound in external demand.
The recent influx of investments into Johor provides a hint of optimism. Johor emerged as the top investment destination in Malaysia in 2022 and came in fourth last year, after Penang, Kuala Lumpur and Selangor.
In an interview with The Standard Thailand, AMRO Chief Economist Hoe Ee Khor shared his views on Thailand's outlook, risks and policy priorities.
Cambodia’s economy grew robustly by 5 percent in 2023 with tourism and supporting service activities as well as non-garment manufacturing industries as the main drivers of growth.
Brunei’s economy is expected to strengthen further this year after a strong recovery in 2023, mainly supported by robust activities in the non-oil & gas sector.
This policy perspective paper assesses the recent fiscal developments and outlook in ASEAN+3 member economies.