Five Key Takeaways from AMRO’s July 2024 ASEAN+3 Regional Economic Outlook Update
The ASEAN+3 region is forecast to grow at 4.4 percent in 2024 and 4.3 percent in 2025, broadly unchanged from our assessment in April.
The ASEAN+3 region is forecast to grow at 4.4 percent in 2024 and 4.3 percent in 2025, broadly unchanged from our assessment in April.
ASEAN+3 growth momentum is steady on export recovery and solid domestic demand. AMRO's Marthe Hinojales discusses AMRO's latest growth outlook for the region and key risks to look out for.
AMRO has kept its 2024–25 growth forecasts for the ASEAN+3 region broadly unchanged at 4.4 percent and 4.3 percent, respectively.
After a moderation to 3.6 percent last year, Malaysia’s growth is projected to accelerate to 4.7 percent in 2024, underpinned by strong domestic demand and a pickup in external demand.
Lao PDR’s economic growth is projected to pick up to 4.5 percent in 2024 from 4.2 percent in 2023.
China’s growth is expected to come in at 5.3 percent in 2024. Consumption remains the primary growth driver, supported by greater traction in investment and a rebound in external demand.
Watch the highlights of AMRO's 2023 Annual Consultation Report on Brunei Darussalam.
Cambodia’s economy grew robustly by 5 percent in 2023 with tourism and supporting service activities as well as non-garment manufacturing industries as the main drivers of growth.
Brunei’s economy expanded by 1.4 percent in 2023, and growth is expected to strengthen to 2.7 percent this year.
Brunei’s economy is expected to strengthen further this year after a strong recovery in 2023, mainly supported by robust activities in the non-oil & gas sector.