SINGAPORE, March 7, 2019 – Members of the Advisory Panel (AP) of the ASEAN+3 Macroeconomic Research Office (AMRO) convened in Singapore today to review and discuss AMRO’s research and surveillance work. This comes ahead of the ASEAN+3 Finance and Central Bank Deputies’ Meeting in Chiang Rai, Thailand in April.
During the meeting, AMRO presented its latest assessment on the economic outlook for the ASEAN+3 region, focusing on trade-related risks and recent shifts in global financial conditions, and the policy measures to support growth and maintain stability. AMRO also presented its study on the challenges of building capacity and connectivity as the region embraces the 4th Industrial Revolution and embark on its next phase of growth. The study will form the thematic part titled “ASEAN+3: Building Capacity and Connectivity for the New Economy” in AMRO’s forthcoming annual flagship report, the ASEAN+3 Regional Economic Outlook 2019 (AREO 2019). The report will be launched in early May on the sidelines of the Asian Development Bank Annual Meetings in Fiji.
Based on its annual consultation visits to member economies, AMRO shared its assessments of risks and vulnerabilities, as well as policy recommendations to members. The AP members provided useful comments on the assessments and exchanged views with AMRO management on ways to further sharpen its reports.
The AP comments on AMRO’s surveillance work. From right to left: Dr Eun Bo Jeong, Dr Bandid Nijathaworn (acting AP chair), Dr Maria Socorro Gochoco-Bautista, by Dr Akira Ariyoshi, and Dr Feng Lu.
The meeting was chaired by Dr Bandid Nijathaworn and attended by Dr Akira Ariyoshi, Dr Maria Socorro Gochoco-Bautista, Dr Eun Bo Jeong, and Dr Feng Lu. The senior management of AMRO, comprising Director Dr Junhong Chang, Deputy Directors Mr Byungseo Yoo and Mr Yasuto Watanabe, and Chief Economist Dr Hoe Ee Khor participated in the meeting.
ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established to contribute to securing economic and financial stability of the ASEAN+3 region, which include 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea. AMRO fulfils its mandate by conducting regional economic surveillance, supporting the implementation of the regional financial arrangement, the Chiang Mai Initiative Multilateralisation (CMIM), and providing technical assistance to its members.