Indonesia: Sustaining Stability and Strengthening Recovery
The Indonesian economy expanded by 5.0 percent in 2023 and is projected to strengthen to 5.2 percent in 2024.
The Indonesian economy expanded by 5.0 percent in 2023 and is projected to strengthen to 5.2 percent in 2024.
The Japanese economy is forecast to grow at a steady pace of 1.1 percent in 2024 after a strong recovery of 1.9 percent in 2023.
Following a contraction in 2022, Hong Kong’s economy rebounded to record 3.2 percent growth in 2023.
China’s economy should recover steadily in 2024, supported by well-calibrated and targeted monetary, financial, and fiscal policies.
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 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.
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.