Growth in Asean, China, Japan and Korea expected to moderate to 4.7% in 2022: AMRO

Amala Balakrishner
Amala Balakrishner4/12/2022 02:47 PM GMT+08  • 3 min read
Growth in Asean, China, Japan and Korea expected to moderate to 4.7% in 2022: AMRO
Asean + 3 nations – along with several countries globally – are now confronted with a major challenge: soaring inflation levels.
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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.

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.

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