The World Bank predicts that East Asian economies will experience a moderate growth rate of 5.3% in 2023, driven by a rebound in domestic demand and exports.
The OECD forecasts that the East Asian region will grow at an average rate of 4.8% in 2023, with China, Japan, and South Korea being the main drivers of growth.
According to a Bloomberg survey, economists predict that East Asia's economic growth will slow to 4.5% in 2023, due to a decline in global trade and rising inflation.
A study by Harvard University's Center for International Development predicts that East Asia's economic growth will be driven by technological innovation and investment in human capital, with an expected growth rate of 5.1% in 2023.
The IMF predicts that East Asian economies will face challenges in 2023, including rising debt levels and trade tensions, but still expects the region to grow at a rate of 4.9%.
A report by the Brookings Institution predicts that East Asia's economic growth will be shaped by demographic changes, urbanization, and technological advancements, with an expected growth rate of 5.0% in 2023.
CNBC reports that economists predict East Asia's economic growth will be driven by a rebound in consumer spending and investment, with an expected growth rate of 4.7% in 2023.
The ASEAN Secretariat predicts that East Asia's economic growth will be driven by regional integration and cooperation, with an expected growth rate of 5.2% in 2023.