The ASEAN+3 Regional Economic Outlook Update for July 2024 confirms growth forecasts of 4.4% for 2024 and 4.3% for 2025, boosted by exports, domestic demand, and tourism recovery.
ASEAN+3 Economic Outlook Highlights
The ASEAN+3 Macroeconomic Research Office (AMRO) has kept its 2024–25 growth forecasts for the ASEAN+3 region broadly unchanged at 4.4 percent and 4.3 percent, respectively, in its latest quarterly update of the ASEAN+3 Regional Economic Outlook (AREO). Favorable export prospects should boost the region’s growth momentum, alongside firm domestic demand and the continued recovery in tourism.
Steady Growth Projections
In the latest ASEAN+3 Regional Economic Outlook (AREO) update, the ASEAN+3 Macroeconomic Research Office (AMRO) has maintained its growth forecasts for 2024 and 2025 at 4.4% and 4.3%, respectively. This positive projection is largely due to favorable export prospects, robust domestic demand, and a continued recovery in the tourism sector, all of which are expected to drive the region’s economic momentum.
Source: Watch: ASEAN+3 Regional Economic Outlook – July 2024 Update
