# Watch: ASEAN+3 Regional Economic Outlook – July 2024 Update

- Link: https://www.thailand-business-news.com/asean/157533-watch-asean3-regional-economic-outlook-july-2024-update
- Published: 2024-08-21T11:06:29+07:00
- Author: Asean News

**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**](https://amro-asia.org/quarterly-update-of-the-asean3-regional-economic-outlook-areo-july-2024)
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.

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## 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.

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Source: [Watch: ASEAN+3 Regional Economic Outlook – July 2024 Update ](https://amro-asia.org/watch-asean3-regional-economic-outlook-july-2024-update/)