Launch of the ASEAN+3 Regional Economic Outlook 2022
The ASEAN+3 Regional Economic Outlook (AREO) is an annual flagship report published by the ASEAN+3 Macroeconomic Research Office (AMRO).
The ASEAN+3 Regional Economic Outlook (AREO) is an annual flagship report published by the ASEAN+3 Macroeconomic Research Office (AMRO).
Economic recovery in the Philippines is firmly on track — despite the recurrent waves of COVID-19 infections in 2021 — and is expected to speed up following further relaxation of mobility restrictions and continued policy support.
The Lao PDR economy is expected to recover moderately in 2022, after two years of weak growth from 2020-2021 due to the pandemic.
The Malaysian economy is expected to grow strongly in 2022; regaining momentum after the Delta strain of COVID-19 infections disrupted recovery in Q3 2021.
The ASEAN+3 region has been well-equipped with various policy tools to help member economies weather the impact of the COVID-19 pandemic.
In 2021, the prolonged pandemic continues to cast a shadow on the global economy, but we could see a glimmer of light at the end of the tunnel. Economic recovery in the ASEAN+3 region is on track, underpinned by faster vaccination rollouts, the availability of new COVID-19 treatments, and supportive policy measures.
China’s economic recovery from the downturn due to the COVID-19 pandemic remains on track, and policies have been geared toward pursuing high-quality growth. In recent months, growth momentum weakened due to the moderating global economic recovery and several shocks.
Thailand’s economy should recover gradually — although unevenly across sectors — with growth likely to register 0.8 percent in 2021 before rebounding to 5.8 percent in 2022.
Thailand’s economy is expected to recover gradually — although unevenly across sectors — with growth likely to recover to 0.8 percent in 2021 before rebounding to 5.8 percent in 2022.
Indonesian economy has regained traction and is on track to a firm recovery as a result of the government’s effective containment of the Delta variant outbreak and ongoing policy supports, amid strong external demand.