Watch the highlights of the ASEAN+3 Regional Economic Outlook 2023.

AMRO forecasts growth in ASEAN+3 at 4.6 percent in 2023 and 4.5 percent in 2024, with growth for ASEAN at 4.9 percent and 5.2 percent, respectively. Yet, downside risks abound. A spike in energy prices, weaker-than-expected recovery in China, and a sharp slowdown in the United States could dampen growth prospects. Continued US monetary policy tightening amid mounting financial stability concerns could heighten financial market volatility and spark contagion fears.

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