The EAMI 2024 report by Dezan Shira & Associates analyzes manufacturing in Asia, predicting economic slowdown in Thailand due to high household debt, while Indonesia offers incentives for electric vehicle production.
Insights from Emerging Asia Manufacturing Index 2024 Report
The EAMI 2024 report by Dezan Shira & Associates dives into the manufacturing sector in countries like Indonesia, China, Vietnam, and others. It sheds light on the factors influencing manufacturing in these emerging Asian economies.
Economic Challenges in Thailand
Thailand faces economic challenges with the lowest tier ranking among the countries analyzed. The economy is expected to grow modestly in 2024 due to a slowdown in exports. High household debt, amounting to 87 percent of GDP in 2023, adds to the strain on Thailand’s economic growth.
Highlights for Indonesia in EAMI 2024
One of the highlights for Indonesia is the expansion of the EV3.5 scheme to promote electric vehicle production. The incentives include subsidies for electric vehicles and tax deductions for companies purchasing e-buses and e-trucks, enhancing Indonesia’s position in the manufacturing sector.
Source : A Look at Thailand’s Position in the 2024 Emerging Asia Manufacturing Index
