2024-2025 ASEAN+3 region's growth forecast at 4.4% and 4.3%, driven by export prospects, domestic demand, and tourism recovery: AMRO.
ASEAN+3 region's growth forecast remains steady at 4.4% in 2024 and 4.3% in 2025, as per the ASEAN+3 Macroeconomic Research Office (AMRO). Favorable export prospects and firm domestic demand are expected to boost growth, along with the continued recovery in tourism. ASEAN is projected to grow from 4.2% in 2023 to 4.8% this year, while Plus-3 economies (China, Hong Kong, Japan, and Korea) are expected to maintain overall growth.
July 16, 2024
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