“Relative to the situation during the launch of the inaugural Asean+3 Financial Stability Report (AFSR) 2023, global financial conditions initially eased as the end of the central banks' tightening cycle appeared in sight,” says AMRO in its Asean+3 Financial Stability Report for this year.
The Asean+3 region is expected to see a “wide range” of risks and challenges to financial stability in the near- to long-term, says the Asean+3 Macroeconomic Research Office (AMRO) on Oct 10. The “+3” refers to China, including Hong Kong, Japan and South Korea.
However, the overall financial stability risk across the region in 2024 is lower compared to last year.
