Since the outbreak of the coronavirus disease (COVID-19) 2 years ago, ASEAN+3 countries have been fighting to protect the health of their populations while minimizing the impact of the crisis on their economies.

The region appears to be finally gaining some ground this year and can look forward to a strong economic recovery. But new risks have emerged, including the war in Ukraine.

This report looks at the region's economic outlook for 2022 and assesses risks facing countries. 

Contents

• Chapter 1: Macroeconomic Prospects and Challenges
  I. Recent Developments and Outlook
  II. Risks to the Outlook
  III. AMRO Staff’s Macroeconomic Forecasts for 2022–23
  IV. Policy Considerations
       
• Chapter 2: ASEAN+3 Growth Strategy in the Pandemic’s Wake
  I. Introduction
  II. Has the Pandemic Damaged ASEAN+3 Output Potential?
  III. Will the Pandemic Brighten or Dim Services’ Potential as an Engine of Growth?
  IV. What Will the Pandemic Do to the Manufacturing-for-Export Growth Strategy?
  V. Summary and Policy Implications

Published April 2022.
Source: ASEAN+3 Macroeconomic Research Office

Download (4.7 MB)