Despite these gloomy predictions, Southeast Asia will remain one of the most dynamic regions of the world. In its November 2023 World Economic Outlook, the IMF, for example, forecast that while the advanced economies would grow by just 1.5% in 2024, the major Southeast Asian economies would ex...
The global economic outlook is uncertain with the baseline forecast for growth falling from 2022 to 2023.1 As with many countries around the world, those in Southeast Asia enjoyed strong economic growth in 2022 following the COVID-19 pandemic. However, such growth has begun to slow ...
In the third quarter of 2024, Southeast Asia’s economies showed mixed growth, but local markets and global demand remained resilient with growth fundamentals broadly intact.
Economic Outlook for Southeast Asia: Living with COVID-19Yean, Tham SiewYi, Andrew Kam JiaSoutheast Asian Affairs
the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 15 consecutive years from 2009 to ...
The Southeast Asia Outlook 2024–2034 report, which was released on August 1 by Angsana Council, US consultancy Bain & Company, and Singapore’s DBS Bank, projected the gross domestic product of six regional economies: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. ...
“It is remarkable that both Southeast Asia’s digital economy GMV and revenue continued their double-digit growth momentum, with revenue expected to break the $100B mark in 2023. This shows the resilience of the Southeast Asian digital economy and that the key players are making progress toward...
President Director of PT Bank DBS IndonesiaLim Chu Chongsaid, “To support Indonesia as the chair of ASEAN, Bank DBS Indonesia is proud to present the Asian Insights Forum featuring experts who share their views on the economic and political conditions of Indonesia and ...
a“Overall, Southeast Asian consumers are feeling optimistic about the economic outlook compared to the rest of the world,” said Vishal Bali, Managing Director of Nielsen’s Consumer Insights business in Southeast Asia, North Asia and Pacific. “Minimum wages are increasing, as are foreign investm...
The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation...