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715 reactions · 226 shares | Southeast Asia’s economy is now forecast to grow by 4.5% this year, slightly down from ADB’s April estimate. The revision reflects weaker-than-expected performance in economies like Thailand and Timor-Leste. Get ADB’s latest forecasts on Southeast Asia’s GDP growth and inflation rates, plus insights on key economic trends. | ADB Publications | Facebook
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🌏 Southeast Asia continues to show robust economic growth. In 2022, 📈 Malaysia led the way with an impressive 8.7% GDP growth. Other notable performers included Vietnam at 8% and the Philippines at 7.6%. Looking ahead to 2024, projections remain positive, with Cambodia expected to grow by 6.2%, while other countries present lower percentages, such as Vietnam at 6.9%, Indonesia at 5.1%, the Philippines at 5.8%, and Malaysia at 4.5%. 🌟 The ASEAN union has successfully avoided trade conflicts an
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