ASEAN+3 region predicted to grow 4.5% in 2024, driven by domestic demand, investment, and export recovery.

The ASEAN+3 Macroeconomic Research Office (AMRO) projects the ASEAN+3 region to grow 4.5% in 2024, up from 4.3% in 2023, driven by robust domestic demand, recovering investment activity, and an anticipated turnaround in exports. The ASEAN region is expected to grow 4.8% in 2024, with a 4.2% growth in 2025. The ASEAN+3 Policymakers should focus on rebuilding policy space and addressing long-term challenges amid this positive outlook.

April 08, 2024
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