This will be led by strong performance by the Asean nations which are expected to grow by 5.1% in 2022 and 5.2% in 2023. The exception to the group is Singapore, which is predicted to see a moderation in its growth to 4.0% in 2022, following a strong rebound in 2021.
The Asean + 3 Macroeconomic Review Office (AMRO) has moderated its 2022 growth forecast for the Asean + 3 nations to 4.7%, from its previous 4.9% estimate.
The macroeconomic watchdog – which monitors the economies of Asean, Japan, China and Korea – has also penciled for the region to grow by 4.6% in 2023.
