ASEAN+3 Region Poised for Stronger Growth in 2024
AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region in its January quarterly update.
AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region in its January quarterly update.
In the January 2024 update of the AREO, AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region.
Korea’s near-term growth outlook is expected to continue improving, reflecting the upturn in manufacturing exports, especially semiconductors.
Indonesia’s economic growth continued to perform robustly, led by resilient domestic consumption and strengthening investment.
Cambodia’s economy is expected to continue its gradual recovery path.
Cambodia’s economy is projected to grow by 5.3 percent in 2023 and 6.2 percent in 2024, continuing its gradual recovery.
Brunei’s economic recovery is underway with the non-oil & gas sector continuing to show positive performance driven by the services sector, reflecting robust activities in the finance and transport subsectors.
Watch the highlights of AMRO's 2023 Annual Consultation Report on the Philippines.
The Philippines’ economic recovery is expected to remain robust amid high inflation and weaker external demand.
The Japanese economy is projected to grow by 1.9 percent in 2023 and 1.1 percent in 2024.