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3 Oct 2024

Econ Digest

ASEAN-China Economic Report, October 2024

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  • Chinese authorities have shifted their policy stance by introducing major economic stimulus measures.
  • The Central Bank of Indonesia has cut interest rates faster than expected and is likely to implement further cuts for the remainder of 2024.
  • Vietnam's economy is projected to slow down to a growth rate of 6.0% due to the impact of Typhoon Yagi.
  • Cambodia’s economy is expected to grow by 5.6% in 2024, but there are increasing risks due to its high dependence on the Chinese economy.
  • Laos’s exports in 2024 are expected to grow significantly, resulting in a larger trade surplus and supporting the possibility of a slight current account surplus.


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