Southeast Asia Outlook 2024: Opportunity Beckons

Southeast Asia foresees strong economic growth in 2024, with most major economies expected to accelerate despite challenges like inflation and geopolitical tensions. Easing inflation and increased investments are poised to further support growth.

Our latest paper explores the promising growth prospects of Southeast Asia (SEA) in 2024. Forecasted to expand by 4.6%, SEA's economy is on an upward trajectory, outpacing the previous year's growth rate of 4.0%.

The Philippine government anticipates a significant improvement in the country's economic growth in 2024, with a projected growth rate ranging from 6.5% to 7.5%. This outlook is noteworthy, especially considering the challenges posed by ongoing strong El Nino conditions and persistent geopolitical and trade tensions that have impacted the nation's foreign trade relations. Despite these hurdles, the government remains optimistic about the prospects for economic expansion, indicating confidence in the resilience and potential of the Philippine economy.

View the report to learn more.