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The latest Asian Development Outlook from the Asian Development Bank (ADB) projects steady growth for developing Asia, with a forecast of 4.9% in 2024 and 2025. Highlighting robust domestic demand and a recovery in tourism, the report specifically notes Indonesia's expected GDP growth at 5.0% over the next two years, fueled by strong private consumption and public infrastructure spending. Amidst geopolitical and economic uncertainties, the ADB emphasizes the critical role of enhanced regional trade and investment in maintaining economic stability and growth. Explore the full Asian Development Outlook for a deeper understanding of Asia's economic prospects, including detailed insights and policy recommendations for Southeast Asia and Indonesia. Dive into the comprehensive analysis this weekend to grasp the region's economic trajectory. Read the full report here https://lnkd.in/gug__2th.

SUSTAINED growth in South-east Asia and South Asia will offset China’s economic slowdown and reduced growth in other subregions of developing Asia, said the Asian Development Bank (ADB) on Thursday (Apr 11). South-east Asia is forecast to grow by 4.6 per cent in 2024 and 4.7 per cent in 2025, up from 4.1 per cent last year. The subregion – which includes the 10 member nations of Asean and Timor-Leste – is expected to record rising growth on robust domestic demand and continued recovery in tourism, said the bank in its flagship Asian Development Outlook report.

Indonesia’s economy exhibits its resilience amidst global uncertainty by recording a growth of 5.05% in Q2 2024. “Compared to China, we are still higher; China is at 4.7%, while Singapore is at 2.9%, South Korea at 2.3%, and Mexico at 2.24%,” said Coordinating Minister for Economic Affairs Airlangga Hartarto in Jakarta (08/05). International institutions, including the World Bank and IMF, estimate that global economic growth at the end of 2024 will be 2.6-3.2% (YoY), while in 2025 it will be 2.7-3.3% (YoY). Read more at https://buff.ly/4demlmO #news #LatestNews #economy #indonesia #heaptalk #growth

The better-than-expected economic performance of the ASEAN region this year, projected to grow at 4.9 percent, is driven by strong, rising domestic demand and increased investment activity https://smpl.is/8ylvq

ASEAN's Economic Pulse: Anticipating Dynamic Growth in 2024 - Cambodia leads in growth, projected at +6.1% in 2024. - The Philippines and Vietnam continue with notable upward trends. - Singapore and Brunei are forecasted to show modest growth, with Brunei rebounding in 2024. The IMF highlights a contrast in the ASEAN region. While the global economy grapples with challenges, nations like Cambodia are poised for impressive development and investment openings. However, wealthier ASEAN countries may experience more tempered growth. At Prince Holding Group, these projections signal exciting partnership and growth opportunities in diverse ASEAN markets. P.S. Which ASEAN economy's growth projection has captured your attention? #ASEANEconomics #GrowthForecast #PrinceHoldingGroup #PHGReimagine Source: International Monetary Fund

Global economic recovery remained slow in 2023, with emerging markets projected to experience a modest growth decline of 4% in both 2023 and 2024 (International Monetary Fund, 2023).  Amidst this deceleration, Vietnam's economic performance stood out as one of the strongest in Southeast Asia. Highlighted by data from the General Statistics Office, Vietnam's economy displayed promising signs in the first quarter of 2024, characterized by strong GDP growth, a substantial trade surplus, thriving foreign direct investment inflows, and burgeoning tourism. Follow us for deeper insights into emerging Asia’s economic landscape unfolding in 2024! #Asiastrategy #ccxpartners #asean #Vietnam #FDI #investinasia #manufacturing

Vietnam is set to become one of the fastest-growing economies throughout the region in the years ahead, according to HSBC economist James Cheo. #ipavietnam #investvietnam #tradevietnam

🌟 Asian Development Outlook 2024: Key Insights 🌟 1️⃣ Economic Growth Forecasts: Developing Asia holds a promising outlook, with growth rates consistently projected at 4.9% for 2024 and 2025. This robust expansion is driven by strong domestic demand and resilience in South and Southeast Asia, which compensates for the moderated pace in East Asia and the Pacific, primarily due to China's economic slowdown. 🌏✨📈 2️⃣ Significant Challenges: The landscape is dotted with significant risks. Rising geopolitical tensions and the persistent threat of climate change could disrupt economic stability and growth. Additionally, financial markets face the dual threats of escalating debt vulnerabilities and potential instability due to increasing interest rates. These factors necessitate vigilant risk management and proactive policy interventions. ⚠️🌪️🔥 3️⃣ Policy Recommendations: Amid these challenges, there's a crucial call for strategic policy recalibration. Strengthening multilateral ties can enhance trade and economic cooperation, fostering a more robust regional economy. Furthermore, investing in infrastructure and advancing green technology are pivotal to sustaining growth and addressing environmental concerns, making these critical areas for policy focus and investment. 🌍🌱⚙️ 4️⃣ Updates and Changes: This year’s report highlights significant shifts post-pandemic, notably China’s rapid reopening which impacts the regional economy. The semiconductor industry, boosted by advancements in artificial intelligence, receives special attention due to its potential to reshape technological landscapes and economic structures in Asia. 🚀💡🔍 🔍 Conclusion: Stay informed and engaged with these insights to better navigate the complexities of Asia's economic landscape. Whether you're involved in policy-making, investment, or economic analysis, understanding these dynamics is crucial for making informed decisions that align with both current trends and future opportunities. #AsianDevelopment #EconomicInsight #SustainableGrowth Copyright © 2024 Looi Teck Kheong

TOP 5 CONTRIBUTORS TO GLOBAL ECONOMIC GROWTH 📈 1 - 🇨🇳 China: 22.6% 2 - 🇮🇳 India: 12.9% 3 - 🇺🇸 United States: 11.3% 4 - 🇮🇩 Indonesia: 3.6% 5 - 🇩🇪 Germany: 2.1%

Vietnam is set to become one of the fastest-growing economies throughout the region in the years ahead, according to HSBC economist James Cheo. #ipavietnam #investvietnam #tradevietnam