Event report

Past Event | OUTLOOK 2023 - Economic, Financial and Political Trends in Asia

A warm thanks to our economics experts, Mr Manu Bhaskaran, Adjunct Senior Research Fellow, Institute of Policy Studies, Lee Kuan Yew School of Public Policy, and Mr Hervé Ochsenbein, Head of the Regional Economic Service for ASEAN at Embassy of France in Singapore for their insightful presentations and the fruitful discussions they fostered with the audience regarding the economic, financial, and political trends in Asia for 2023.

Some key takeaways for 2023 in ASEAN :

  • Predictions for ASEAN are good as long as political regimes remain stable
  • Policy are stable and infrastructure spending make ASEAN one the best economic region in terms of growth and stability
  • Inflation in ASEAN is lower than rest of the world: 5.2% versus 8.3%
  • GDP growth in ASEAN will be around 2pct higher than in the rest of the world in 2022 and 2023
  • ASEAN will grow faster than China
  • Mains reasons for this :
    • Recovery of private consumption and major investments post-Covid
    • Increase in exports and tourism
    • Rising commodity prices benefiting certain countries
    • Price pressures remain comparatively moderate in ASEAN

Members can access the full presentation slides below:

 

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