The Malaysian economy proved resilient to escalations in U.S.-China trade tensions and domestic commodity supply disruptions in 2018, thanks to robust private consumption and low inflation that persisted through the year.
Strengthening regional financial safety nets and ensuring a smooth transition into the new economy are pertinent to the economic stability and well-being of the ASEAN+3 region. This was highlighted across all three outreach events the ASEAN+3 Macroeconomic Research Office (AMRO) held in Australia.
Our previous blog article discussed the key drivers of East Asia’s transformation from the conventional “manufacturing for exports” strategy to a more broad-based “new economy”, and considered some of the region’s efforts to strengthen its capacity and connectivity.
East Asia’s growth model is transforming, surely and rapidly.
The Brunei Darussalam economy slowed down in 2018 but is expected to pick up in 2019, while inflation will likely continue to rise moderately, according to the 2018 Annual Consultation Report on Brunei Darussalam released today by the ASEAN+3 Macroeconomic Research Office (AMRO).
The Brunei Darussalam economy slowed down in 2018 but is expected to pick up in 2019, while inflation will likely continue to rise moderately.
Watch this two-minute video to discover the macroeconomic prospects for the ASEAN+3 region and baseline risks that can affect the regional growth. The video also presents policy recommendations to policymakers to manage risks while maintaining financial stability.
Presentation on the Building Capacity and Connectivity for the New Economy in East Asia.
Presentation on the ASEAN+3 Regional Economic Outlook 2019.
ASEAN+3 economies, after two decades of prospering with the “manufacturing-for-exports” strategy, should now focus on building capacity and connectivity to leverage on the Fourth Industrial Revolution in order to sustain growth in the new economy.
