Amro keeps Asean+3 growth forecast at 4.6%

Amro said said although the ongoing weakness in global trade has prompted a slight reduction in the Asean growth forecast for 2023 to 4.5% from last April’s projection of 4.9%, this will be offset by improving prospects in the Plus-3 economies. — Reuters

KUALA LUMPUR: The Asean+3 Macroeconomic Research Office (Amro) has maintained its short-term growth forecast for the Asean+3 region at 4.6% this year, up from 3.2% last year.

In its quarterly update of the Asean+3 Regional Economic Outlook, it said although the ongoing weakness in global trade has prompted a slight reduction in the Asean growth forecast for 2023 to 4.5% from last April’s projection of 4.9%, this will be offset by improving prospects in the Plus-3 economies.