Category: ASEAN’s economic integration

The ASEAN region will remain one of the fastest-growing regions of the world in 2023 but economic growth will likely fall marginally from 2022. This is largely due to worsening global economic conditions and tightening monetary policy. The second half of the year will likely see conditions that are more conducive to organic growth as falling inflation provides central banks with greater rate flexibility. This should complement increasing economic activity in China. The ASEAN region will remain attractive to foreign Read Full Details…

While political crises dominate the bloc’s attention, Indonesia can use its chairmanship to advance and recalibrate ASEAN’s economic integration agenda. The theme for Indonesia’s chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2023, “ASEAN Matters: Epicentrum of Growth,” aims to validate Southeast Asia’s status as an epicenter of economic growth. It also recognizes that maintaining economic growth necessitates ongoing efforts to internally integrate ASEAN’s ten economies and externally integrate them global partners. External integration has proceeded faster than Read Full Details…