World

Thinktank maintains positive outlook on ASEAN+3 economies

The ASEAN+3 region will remain resilient in 2022 in face of new challenges from the COVID-19 pandemic and the global economy, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
Thinktank maintains positive outlook on ASEAN+3 economies ảnh 1A view of Hai Phong Port in northern Vietnam (Photo: VNA) 
Singapore (VNA) - The ASEAN+3 region will remain resilient in2022 in face of new challenges from the COVID-19 pandemic and the global economy,according to the ASEAN+3 Macroeconomic Research Office (AMRO).

In its quarterlyupdate of the ASEAN+3 Regional Economic Outlook released on January 25, AMRO maintainsa positive outlook on ASEAN+3 economies (comprised of the 10 ASEAN countries plus China, the Republic of Korea, and Japan) for this year, with regional GDP growth of4.9 percent, lower than the projection of 5 percent in the October update. Meanwhile,inflation will be kept relatively low at 2.9 percent for 2022.

The thinktank pointed out that the emergence ofthe Omicron variant towards the end of 2021 brought new uncertainties and set backthe progress of economic reopening. Nevertheless, high vaccination coverage hasmitigated the risk of nationwide lockdowns, as experienced during the earlydays of the pandemic.

“The ASEAN+3 region has sufficient policy spaceto navigate through these new challenges, and stay on its recovery path,” saidAMRO’s Chief Economist, Dr. Hoe Ee Khor.

The2022 growth forecasts for most ASEAN economies have been revised downward asthe spread of the highly transmissible Omicron at the beginning of theyear necessitated the re-imposition of containment measures.

Meanwhile,AMRO estimated the 2021 economic growth in the ASEAN+3 region at 5.9 percent,down by 0.2 percentage point from last October’s forecast. The revision wasdriven by weaker-than-expected growth in Japan, where economic activity in thethird quarter was significantly curtailed with the resurgence of infectionsacross the country, and in China, due to the softening of the property marketas a result of stricter measures on leverage of property developers./.
VNA
#ASEAN #ASEAN+3 #ASEAN+3 Macroeconomic Research Office #economic outlook #Omicron #economic growth #Vietnamplus #Vietnam News Agency China Japan Korea (RoK) ASEAN
Follow VietnamPlus

Related News

Japan unveils ASEAN investment initiative

Japan unveils ASEAN investment initiative

Japanese Minister of Economy, Trade and Industry Hagiuda Koichi has revealed an initiative regarding investment in ASEAN, which focuses on supply chain, connectivity, digital innovation and human resources.
ASEAN, RoK promote mutually beneficial economic partnership

ASEAN, RoK promote mutually beneficial economic partnership

The ASEAN-Korea Centre, in coordination with the International Contractors Association of Korea (ICAK), will hold the 9th ASEAN Connectivity Forum on 18-19 January, aiming to further promote mutually beneficial economic partnership.

See more

The new mass emergency alert system SG Alert, which will be used during emergencies such as major fires, chemical or terror incidents, seen on an Apple and Android device on Apr 17, 2026. (Photo: CNA)

Singapore launches new national emergency alert system

SG Alert in Singapore uses cell broadcast technology, enabling alerts to be delivered within seconds without requiring mobile data or collecting personal information. Unlike conventional SMS, which may be delayed during network congestion or depend on internet connectivity, the system ensures fast and reliable message delivery. Alerts can be sent islandwide or targeted to specific affected areas.

Malaysia establishes ‘war room’ to ensure water security

Malaysia establishes ‘war room’ to ensure water security

The establishment of the war room reflects the Malaysian government’s commitment to shift from a reactive approach to a more proactive, data-driven one in managing national water challenges, particularly amid increasingly unpredictable weather conditions caused by global climate change

Indonesia diversifies supply sources to ensure energy security

Indonesia diversifies supply sources to ensure energy security

Indonesia is facing significant supply pressure as crude oil consumption reaches approximately 1.6 million barrels per day, much lower than the domestic production at only around 600,000 barrels per day, forcing the country to rely heavily on imports.

Indonesian-branded cosmetic and personal care products are available at supermarkets and shopping malls (Photo: VNA)

Indonesia aims to master cosmetics industry value chain

Key drivers include its large population, expanding middle class, and rapidly rising demand for beauty products, especially among young consumers. The market has reached billions of US dollars and is projected to maintain strong growth in the medium term.

The Anthropic logo is seen in this illustration taken on Mar 1, 2026. (File photo: Reuters)

Singapore warns of cyber risks from Frontier AI models

According to CSA, advanced AI models – among the most cutting-edge systems today – can significantly shorten the time needed to identify system vulnerabilities and develop exploitation tools, reducing the process from months to just hours.

Helicopter carrying eight reported missing in Indonesia

Helicopter carrying eight reported missing in Indonesia

Indonesian authorities are urgently conducting a search and rescue operation after receiving reports that a helicopter carrying eight people suddenly lost contact on the morning of April 16 in West Kalimantan on the island of Borneo.

Malaysia’s job losses surge 47% in the first quarter of 2026 (Photo: AFP)

Malaysia's layoffs rise 47% in first quarter

The report, based on figures from Malaysia’s Social Security Organisation, showed layoffs peaked in January with around 10,700 cases before easing to 7,500 in February and 5,900 in March. Despite the slowdown toward the end of the quarter, the total remained significantly higher than the roughly 16,500 layoffs recorded in the same period of 2025.