The ASEAN+3 Macroeconomic Research Office (AMRO) has upgraded its economic growth projections for Asia, forecasting a stronger performance than previously anticipated for both this year and the next. According to a report released Thursday, the region is expected to expand by 4.1% in 2024 and maintain a 3.8% growth rate in 2026. These figures surpass earlier estimates from July, which projected 3.8% and 3.6% respectively, and follow last year’s growth pace of 4.3%. n nThe upward revision reflects resilient domestic demand and proactive business adjustments ahead of anticipated tariff changes, which have stimulated economic activity across several economies in the region. AMRO’s updated outlook highlights the capacity of Asian markets to sustain momentum despite global uncertainties. n
— News Original —nAsia Defies Slowdown Fears as AMRO Lifts Economic Growth OutlooknEconomic growth across Asia is set to come in stronger than expected this year and next, according to a regional research group, as local demand and a rush to get ahead of tariffs boosted activity. n nThe region is likely to grow 4.1% this year and 3.8% in 2026, according to a report published Thursday by the ASEAN+3 Macroeconomic Research Office, or AMRO. That compares with July estimatesBloomberg Terminal for 3.8% and 3.6%, respectively, and a 4.3% pace of growth last year.
