Philippines – Securing a Robust Recovery amid Rising Challenges
The Philippine economic recovery from the COVID-19 pandemic continues to gain traction.
The Philippine economic recovery from the COVID-19 pandemic continues to gain traction.
China has strong economic foundations to pursue and achieve high-quality growth. Against the backdrop of a resilient labor market, well-contained inflation pressures, strong external position and sound banking system, China’s…
China has strong economic foundations to pursue and achieve high-quality growth. The country’s recovery from the 2020 downturn has stayed intact despite the slowdown in H2 2021 and H1 2022 due to COVID-19 outbreaks, headwinds in the property sector, and supply side disruptions. Against the backdrop of a resilient labor market, well-contained inflation pressures, strong external position and sound banking system, China’s economic recovery should regain momentum in H2 2022, with growth for the year coming in at about 4.8 percent.
Presentation for the ASEAN+3 Regional Economic Outlook – July 2022 Update press briefing.
The ASEAN+3 Macroeconomic Research Office (AMRO) today shaved down its short-term growth forecast for the ASEAN+3 region, reflecting the impact of the recent COVID-19 outbreak in China and stronger headwinds arising from the war in Ukraine and tighter global financial conditions.
In this July 2022 quarterly update, AMRO shaves down its short-term growth forecast for the ASEAN+3 region to reflect the impact of the recent COVID-19 outbreak in China and stronger headwinds arising from the war in Ukraine and tighter global financial conditions.
As the war in Ukraine enters its fourth month, its impact continues to reverberate across the ASEAN+3 region (comprising 10 members of the Association of Southeast Asian Nations and China, Japan and Korea).
The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products.
AMRO forecasts the ASEAN+3 region to grow by 4.7% in 2022 and 4.6% in 2023. While growth is expected to normalize as the pandemic recedes, the outlook is clouded by new and legacy risks. Watch the highlights of the 2022 ASEAN+3 Regional Economic Outlook.
The Indonesian economy is on track to a firm recovery. Led by robust exports and stronger domestic consumption, real GDP rebounded by 3.7 percent in 2021 and is expected to…