CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
banner banner

Insights

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%.

Thailand's growth in 2024 appears poised to surpass historical trend growth, driven by a robust recovery in tourism. China and Thailand have mutually waived visa requirements for their citizens starting from March 2024, which is expected to elevate Chinese visitor levels to 75% of pre-pandemic levels, more than doubling the 2023 Chinese tourist tally of about 3.5 million. The inflation rate for the full year 2023 is now forecasted at 1.4%, while the unemployment rate decreased to 0.99% in Q3 2023, down from 1.06% recorded in Q2.

View the report to learn more. External Link

 
 

GET THE REPORT

DOWNLOAD External Link

Contact Us

To discuss the latest SEA Outlook, please reach out to our experts below.
Gareth Powell 

Gareth Michael Powell

Senior Director & Country Head – Thailand,
Thailand

Sarawut Tikhachon 

Sarawut Tikhachon

Senior Market Analyst,
Thailand

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
CONTACT US
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Cookie preferences
Agree All
Reject All
SAVE SETTINGS
Essential
Non Essential
Marketing