ASEAN+3 Region Poised for Stronger Growth in 2024
AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region in its January quarterly update.
AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region in its January quarterly update.
In the January 2024 update of the AREO, AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region.
Like many countries, Thailand has been navigating a complex transition from crisis to post-pandemic recovery since last year.
Korea’s near-term growth outlook is expected to continue improving, reflecting the upturn in manufacturing exports, especially semiconductors.
In just six decades, Malaysia has transformed from a resource-based economy dependent on rubber and tin to a diversified economy .
Indonesia’s economic growth continued to perform robustly, led by resilient domestic consumption and strengthening investment.
Cambodia’s economy is expected to continue its gradual recovery path.
Cambodia’s economy is projected to grow by 5.3 percent in 2023 and 6.2 percent in 2024, continuing its gradual recovery.
Lao PDR has exported electricity to neighboring economies, earning the title of the “Battery of Southeast Asia” in recent years. However, the construction of power plants has resulted in higher external debt, putting pressure on the economy’s macro-financial stability.
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.