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Read more about the article Brunei Darussalam: Gradual Growth Recovery amid Ongoing Economic Diversification

Brunei Darussalam: Gradual Growth Recovery amid Ongoing Economic Diversification

The Brunei economy is expected to slow down in 2018 before picking up in 2019 while inflation has turned positive. However, increased efforts are needed to improve discipline in the fiscal sector, safeguard the soundness of the banking system, and diversify the economy, in order to enhance potential growth, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from November 13 to 19, 2018.

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Read more about the article Singapore: Continued Structural Transformation Amidst Increasing External Challenges

Singapore: Continued Structural Transformation Amidst Increasing External Challenges

Singapore’s structural transformation efforts to boost productivity and innovation remain firmly on track, while the economy is expected to moderate going forward due to the easing global tech cycle and impact of the China-U.S. trade conflict.

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Read more about the article Japan: Growth Gaining Traction with Moderate Inflation amid External Uncertainties and Structural Challenges

Japan: Growth Gaining Traction with Moderate Inflation amid External Uncertainties and Structural Challenges

Abenomics has been successful in lifting the Japanese economy’s growth potential and inflation, while the policy framework needs to be reviewed and recalibrated to enhance its effectiveness to revitalize the economy.

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China’s Reform and Opening-Up: Experiences, Prospects, and Implications for ASEAN

Driven by strong and persistent efforts on reform and opening-up over the past 40 years (1978-2018), China has upgraded itself from a low-income to an upper-middle income country, and is poised to reach high-income status in the coming years.

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Read more about the article Key Messages of AMRO Staff Working Paper: China’s Reform and Opening-Up: Experiences, Prospects and Implications for ASEAN

Key Messages of AMRO Staff Working Paper: China’s Reform and Opening-Up: Experiences, Prospects and Implications for ASEAN

Over the past four decades (1978-2018), China has transformed itself from a low-income to an upper-middle income country, with an average annual GDP growth of 9.5 percent and a per capita income that has leapfrogged many other emerging economies’ from USD156 to USD8,827.

Continue ReadingKey Messages of AMRO Staff Working Paper: China’s Reform and Opening-Up: Experiences, Prospects and Implications for ASEAN