The ASEAN+3 region is projected to grow by 4.2% in 2024 and 4.4% in 2025, driven by recovery in trade, tourism, and strong domestic demand.
..
The ASEAN+3 region is projected to grow by 4.2% in 2024 and 4.4% in 2025, driven by recovery in trade, tourism, and strong domestic demand.
The ASEAN+3 economies are projected to show strong economic performance despite growing external uncertainties. In the recently released October 2024 update of the ASEAN+3 Regional Economic Outlook (AREO), the ASEAN+3 Macroeconomic Research Office (AMRO) forecasts a growth rate of 4.2 percent for the region in 2024, with a slight increase to 4.4 percent anticipated in 2025. This optimistic outlook highlights the region’s resilience amid global challenges.
Key Growth Drivers
A significant factor contributing to the robust growth of the ASEAN+3 economies is the ongoing recovery in external trade and tourism. These sectors have shown remarkable resilience, aiding in the region’s economic expansion. Moreover, domestic demand remains solid, further…
