AMRO forecasts growth of 4.7% for Asean+3 as growth normalises

Singapore

THE Asean+3 region is expected to grow at a more moderate pace of 4.7 per cent this year, with the moderation largely due to the +3 economies, especially China which registered a strong rebound last year, said Asean+3 Macroeconomic Research Office (AMRO) chief economist Khor Hoe Ee.

Dr Khor was speaking on Apr 12 at the launch of AMRO's annual flagship report, the Asean+3 Regional Economic Outlook. China clocked gross domestic product (GDP) growth of about 8.1 per cent in 2021; forecast GDP growth for the coming year is 5.2 per cent.