AMRO Roundup - January 2025
ASEAN+3 Macroeconomic Research Office
Contributing to macroeconomic and financial stability in the ASEAN+3 region.
ASEAN+3 Regional Economic Outlook (AREO) Update – January 2025
AMRO forecasts the ASEAN+3 region to grow at 4.2% in 2025. While firm domestic demand and exports growth are expected to underpin regional growth, escalating trade tensions, including higher tariffs, may dampen external demand.
PUBLICATIONS
AMRO’s 2024 Annual Consultation Report on Singapore
Singapore’s economic growth is expected to strengthen in 2024 to 3.7 percent, driven by an upturn in exports and resilient domestic demand.
ASEAN+3 Financial Interconnectedness
This paper examines financial interconnectedness in ASEAN+3 using BIS Locational Banking Statistics to map the cross-border claims and liabilities of ASEAN+3 banks and analyzes contagion risks via daily market and financial asset prices.
Understanding China’s Low Inflation Challenge
Inflation in China has been persistently low even after the economy reopened, raising widespread concerns about deflation risks. This analytical note provides a deep dive into the issue of low inflation in China.