# ASEAN+3 Growth Momentum Steady on Export Recovery, Solid Domestic Demand

- Link: https://www.thailand-business-news.com/asean/153782-asean3-growth-momentum-steady-on-export-recovery-solid-domestic-demand
- Published: 2024-07-29T09:16:00+07:00
- Author: News Desk

**In the July 2024 update, AMRO maintains its growth forecasts for the ASEAN+3 region
at 4.4 percent for 2024 and 4.3 percent for 2025.**

This steady outlook is attributed to favorable export prospects which are expected
to bolster the region’s growth. Equally important, robust domestic demand and the
resurgence in tourism further contribute to sustaining this growth momentum.

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The assessment underscores the significance of both external and internal economic
drivers. With exports expected to perform well, countries in the ASEAN+3 region 
could see enhanced economic activity. On the domestic front, increased consumer 
spending and investment are pivotal, indicating a balanced growth trajectory for
the region through 2025.

Alongside the publication of these forecasts, AMRO has also introduced the Regional
Economy Dashboard (RED). This tool provides comprehensive data and insights, offering
a clearer picture of the region’s economic health and aiding policymakers and analysts
in their evaluations.

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_The ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization
established to contribute towards securing macroeconomic and financial stability
of the ASEAN+3 region, comprising 10 members of the Association of Southeast Asian
Nations (ASEAN) and China; Hong Kong; Japan; and Korea_.

Source: [ASEAN+3 Macroeconomic Research Office ](https://amro-asia.org/quarterly-update-of-the-asean3-regional-economic-outlook-areo-july-2024)