The Korean economy is expected to grow at its potential in 2018 supported by strong exports in the information and communication technology (ICT) sector and continued improvement in private consumption.
The Hong Kong economy grew strongly in the first half of 2018 on the back of robust exports and buoyant private consumption, but external headwinds are intensifying from the China-US trade conflict.
The U.S. economy maintained its trajectory of slightly above-trend growth in the second quarter of 2018.
The 2017 Annual Consultation Report on Brunei Darussalam provides an assessment of the state of the economy in 2017, short-term economic outlook, risks and vulnerabilities facing the economy, and policy recommendations.
The Brunei Darussalam economy is expected to see a modest growth in 2017 supported by improvement in oil and gas production and expansion in investment, according to the 2017 Annual Consultation Report on Brunei Darussalam published by the ASEAN+3 Macroeconomic Research Office (AMRO).
The Chinese economy has maintained robust growth in the first half of 2018, amid heightened external uncertainties arising from the intensifying trade conflict with the United States, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from July 4 to 17, 2018.
Global financial conditions continue to tighten as the U.S. Federal Reserve remains on its interest rate hike path as the economy is expected to show stronger growth in the second quarter of 2018.
Thailand and other economies in East Asia can leverage on technology and build on the growth of the services sector to support economic transformation and enhance economic inclusiveness. This was highlighted by experts at a seminar themed “Resilience and Growth in a Changing World” co-hosted by the ASEAN+3 Macroeconomic Research Office (AMRO) and Bank of Thailand (BOT) on June 12, 2018 in Bangkok, Thailand.
Fundamental global shifts in trade and production networks as well as rapid changes in technology make it crucial for the region to augment the traditional “manufacturing for exports” strategy with multiple engines of growth.
Presentation on the ASEAN+3 Regional Economic Outlook 2018 Roadshow in China (Chinese).
