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Asean stands to gain from US-China phase one trade deal, AMRO says

Amala Balakrishner
Amala Balakrishner • 2 min read
Asean stands to gain from US-China phase one trade deal, AMRO says
But phase two of the US-China trade deal might face some difficulties, says AMRO chief economist Khor Hoe Ee.
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SINGAPORE (Jan 20): The Asean +3 Macroeconomic Research Office (AMRO) has upgraded its 2020 growth forecast for Asean + 3 nations by 0.2 percentage points to 4.9%, just a month after its previous prediction of 4.7%.

The macroeconomic watchdog which monitors Asean, Japan, China and Korea says the upgrade follows the recent signing of the phase one trade deal between the US and China after nearly two years of trade tensions.

The data was unveiled by the AMRO’s chief economist Khor Hoe Ee in an outlook briefing on Friday.

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