The ASEAN Secretariat forecasts a 5.2% average annual GDP growth for the region from 2024 to 2028, with Indonesia expected to lead at 5.5% and the Philippines at 5.3%.
The World Bank projects that Malaysia and Thailand will experience moderate growth at 4.5% and 4.2% respectively, while Vietnam is expected to grow at 6.8% from 2024 to 2028.
Bloomberg Economics predicts that Singapore's growth will slow to 3.2% due to global trade tensions, while Cambodia is expected to see rapid expansion at 7.1% driven by manufacturing and tourism.
HSBC reports that foreign direct investment in ASEAN is expected to increase by 10% annually from 2024 to 2028, with Myanmar and Laos offering significant potential for growth.
Researchers at Harvard University find that Brunei and Singapore are likely to experience slower growth due to their high per-capita incomes and limited room for catch-up, in contrast to faster-growing economies like Indonesia and the Philippines.
The International Monetary Fund suggests that deeper economic integration within ASEAN could boost growth by 2-3% by 2028, but notes that this will require significant investments in infrastructure and human capital.
This interactive tool allows users to explore ASEAN economic forecasts from 2024 to 2028, including GDP growth, inflation, and trade balances for each country in the region.
In this video, experts from the Asian Development Bank discuss the economic outlook for ASEAN from 2024 to 2028, including the opportunities and challenges facing the region.