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ASEAN+3 growth forecast revised to 4.2% in 2024, citing lower projections for China and Vietnam due to Typhoon Yagi.
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised its growth forecast for the ASEAN+3 region to 4.2% in 2024, down from 4.4%.
This adjustment reflects lower projections for China and Vietnam, impacted by Typhoon Yagi.
Despite the downgrade, growth is expected to rise to 4.4% in 2025, driven by trade, tourism, and resilient domestic demand.
However, AMRO cautions about increasing external and geopolitical uncertainties that could affect stability.
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Las previsiones de crecimiento de ASEAN+3 se revisaron al 4,2% en 2024, citando proyecciones más bajas para China y Vietnam debido al tifón Yagi.