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%. Despite these challenges, private consumption remains resilient, supported by low unemployment and steady consumer confidence.
The region's conducive environment with easing inflation and financing costs is set to attract higher investments. Furthermore, the anticipated uptick in global exports, continued recovery of regional air travel, and strong domestic demand are poised to fuel SEA's growth momentum. However, uncertainties persist, including China's economic slowdown and geopolitical tensions. Stay ahead of the curve and gain valuable insights into SEA's economic landscape.
To discuss the latest SEA Outlook, please reach out to our experts below.
