The October 2024 AREO update forecasts ASEAN+3 growth at 4.2% in 2024 and 4.4% in 2025, driven by trade recovery, tourism, and resilient domestic demand.
Overview of the AREO Update
The October 2024 ASEAN+3 Regional Economic Outlook (AREO) update presents optimistic economic forecasts for the region. It projects a growth rate of 4.2% in 2024, with an anticipated increase to 4.4% in 2025, reflecting a stable economic environment.
Key Growth Drivers
The expected growth is primarily fueled by a rebound in external trade and tourism, alongside robust domestic demand. These factors indicate a resilient economic landscape, driving continued expansion in the ASEAN+3 region.
Further Insights
For those seeking a deeper understanding of these economic projections, the full AREO report can be accessed here. This comprehensive document offers extensive analyses and insights into the region’s economic dynamics.
Source : ASEAN+3 Regional Economic Outlook (AREO) projects growth at 4.2% in 2024 and 4.4% in 2025
