AMRO Maintains ASEAN+3’s 2024 Growth Forecast, Warns on Inflation
The ASEAN+3 region is forecast to grow by 4.3 percent this year, down from July’s projection of 4.6 percent.
The ASEAN+3 region is forecast to grow by 4.3 percent this year, down from July’s projection of 4.6 percent.
In the October 2023 update of the AREO, AMRO forecasts that the ASEAN+3 region will grow by 4.3 percent in 2023, down from July’s projection of 4.6 percent.
Cambodia’s economy continues to recover solidly on the back of a strong rebound in the services sectors.
The Hong Kong economy is poised to rebound strongly this year, before moderating towards trend growth next year.
The Philippine economy maintained its robust growth momentum in the first half of 2023, following a multi-decade high growth rate of 7.6 percent in 2022.
Watch the highlights of AMRO's 2023 Annual Consultation Report on Malaysia.
Malaysia’s growth momentum is expected to be sustained this year by resilient domestic demand and stronger tourism recovery amid the global slowdown.
The Malaysian economy rebounded strongly in 2022 driven by a strong recovery in domestic demand and robust export growth.
The Thai economy is recovering robustly on the back of resilient domestic demand and a sustained rebound in tourist arrivals. Inflation, which spiked up sharply in 2022, has declined rapidly this year.
Inflation has made a comeback in Japan, with the CPI surging as high as 4.3% this year, a level unseen for three decades. What should the BOJ do to strike a balance between stimulating economic growth and ensuring price stability?