In the second quarter of 2024, Vietnam’s economic growth surpassed expectations, driven primarily by accelerated expansion in the manufacturing and sustained strength in service sectors Vietnam’s GDP growth surged to 6.93% year-on-year in Q2 2024, representing the strongest expansion since Q3 2022 and the 11th consecutive quarter of growth. Notably, this exceeded both growth scenarios […]

Indonesia’s Economy Grew 5% in the Second Quarter, Driven by Strong Domestic Consumption, Government Spending, and Sector Improvements. In the second quarter of 2024, Indonesia’s economy displayed resilience, achieving a year-on-year (YoY) GDP growth of 5.05%, slightly lower than the 5.1% seen in the first quarter. This performance was mainly driven by robust household consumption, […]

Malaysia’s Gross Domestic Product (GDP) year-on-year growth rate in the second quarter of 2024 reached the highest record since Q2 2023, exceeding analysts’ and government expectations of a 5.8% rise The Department of Statistics Malaysia (DOSM) released its latest data on August 16th, 2024, highlighting encouraging developments in Malaysia’s economic performance. The country’s gross domestic […]

Since 2013, ARC Consulting has been conducting annual sourcing surveys to assess the evolving perception of Asia as a sourcing market and to track changes over time. The 2024 survey focuses on how businesses have adapted their sourcing strategies in light of recent global challenges. This year’s findings highlight a significant shift from global to […]

Indonesia’s Q1 2024 GDP Growth Reached 5.11% (YoY), the highest growth in the first quarter in the last five years. The country’s economic growth in the first quarter of 2024 improved to 5.11% (YoY), higher than the growth of 5.04% in the last quarter of 2023. The growth of 5.11% was the highest economic growth […]

Malaysia’s year-on-year GDP growth rate in the first quarter of 2024 was the lowest for the same period since the end of the COVID-19 lockdowns Malaysia’s economy witnessed a 4.2% GDP Growth Rate YOY in the first quarter of 2024, the lowest record of the same period during the period after the COVID-19 lockdowns ended. […]

China’s GDP recorded a growth rate of 5.3% YoY in Q1 2024, surpassing the average forecasts of 4.5%-4.6% by major institutions worldwide with ease In the first quarter of 2024, China’s gross domestic product (GDP) growth accelerated to 5.3% on the year, grew by 1.6% on a quarterly basis compared to the last quarter of […]

Indonesia’s Q4 2023 GDP Growth Reached 5.04% (YoY), Slightly Above the Government’s Projection Indonesia’s economic growth in the last quarter of 2024 was 5.04% (YoY), which was slightly above the projection of 5%. This growth outpaced the 4.94% growth seen in the third quarter, despite the persistence of several concerning trends. Factors impacting economic performance […]

Indonesia’s investment landscape Indonesia is rebounding strongly from the COVID-induced weakness, advancing its economic development Despite persistent challenges posed by global macroeconomic headwinds, Indonesia’s economy in 2023 exhibited resilience. Declining commodity prices adversely affected crucial sectors, and coupled with a slowdown in key export markets, continued to hinder Indonesia’s economic growth potential, while various geopolitical […]

China’s economy grew 5.2% in 2023, hitting the official target In 2023, China faced several challenges including a subdued consumer spending, property crisis, and high youth unemployment rates. Despite these obstacles, China managed to achieve a 5.2% year-on-year growth rate. However, this growth rate still falls short of the 6%-plus annual average seen in the […]

China’s investment landscape Looking back on 2023, China swiftly shifted from a zero-COVID stance to lifting all restrictions in January, providing a substantial boost to economic expectations. Despite a gradual post-COVID recovery, policymakers in November eased some foreign investment restrictions, particularly in manufacturing. Simultaneously, China’s structural transformation is fueling growth in high-value manufacturing and high-tech […]

Vietnam’s investment landscape Vietnam maintains its position as an attractive investment for foreign investors as Foreign direct investment (FDI) inflows continue to increase. Vietnam’s numerous Free Trade Agreements (FTA), strong economic performance, cost-competitive production and increasing capabilities remain important factors in facilitating investments in the country. The trend is expected to continue as inflation in […]

Indonesia’s Q3 2023 GDP Growth Slows to 4.94% YoY, Slightly Below Expectations Indonesia’s economic growth decelerated to 4.94% YoY in Q3 2023, a dip from the 5.17% growth seen in the previous quarter. This slowdown is attributed to subdued household consumption, a decrease in exports, and reduced government expenditure. Achieving the government’s revised full-year growth […]

China’s GDP grows with 4.9% (YoY) in Q3 2023, surpassing the 4.4% forecasted growth In the third quarter of 2023, China’s GDP grew 4.9% year-on-year, slowing from 6.3% growth in the previous quarter. However, on a quarter basis, GDP grew 1.3% in Q3, a slight acceleration from the revised 0.5% quarter growth registered in Q2. […]

Vietnam’s GDP growth accelerated to 5.33% year-on-year in the third quarter of 2023 Vietnam’s GDP expanded 5.33% year-on-year (YOY) in Q3 of 2023, pointing to 3 consecutive quarters of recovery. Vietnam’s GDP increased by 5.33% in the third quarter of 2023, indicating a positive trend with consecutive quarterly increases compared to 3.28% in the first […]

China’s GDP expanded 6.3% (YoY) in Q2 2023, missing the forecasted 6.9% growth In the second quarter of 2023, China’s GDP grew 6.3% year-on-year, accelerating from 4.5% in the previous quarter. However, on a quarter basis, GDP grew just 0.8% in Q2, a significant slowdown from the 2.2% quarter growth registered in Q1. According to […]

Vietnam’s GDP expanded 4.14% year-on-year in the second quarter of 2023 Vietnam’s GDP rose by 4.14% year-on-year (YoY) in the Q2 of 2023, pointing to the seventh consecutive period of expansion. Vietnam’s GDP in the second quarter of 2023 grew by 4.14% compared to the same period the previous year. The figure is greater than […]

Indonesia’s GDP growth reaches 5.03% in the 1st quarter of 2023, exceeding expectations Fueled by domestic consumption and a positive trade balance, Indonesia’s GDP has maintained a strong performance with a 5.03% YoY growth. For 2023, the Bank of Indonesia is targeting the economic growth to reach between 4.5% to 5.3%. During the first quarter […]

China’s GDP picked up to 4.5% YoY in Q1 2023 after the end of 3-year strict Covid restrictions Recovering from the Covid-19 curbs, in the first quarter, China’s GDP grew by 4.5% year-on-year, 1.6 percentage points higher than the previous quarter, and 2.2 points higher compared to the same quarter last year. According to data […]

Vietnam’s investment landscape Vietnam has continued to be an attractive destination for foreign investments. The country’s investor-friendly policies and strong economic growth in an otherwise bleak worldwide economic condition proved to be effective magnets for foreign investors. With China’s reopening coupled with a new strategy to attract high-value investments, 2023 seems to promise an even […]

Indonesia’s investment landscape With its natural resources, stable economy, and favorable demography, Indonesia serves as an attractive destination for investment and has continued to receive more attention as a strategic destination to invest in. By the end of 2022, the growth in FDI realization continued with a YoY growth of 44.2%. The strong interest is […]

Fueled by domestic consumption and a positive trade balance, Indonesia’s GDP has maintained a strong performance with a 5.03% YoY growth. For 2023, the Bank of Indonesia is targeting the economic growth to reach between 4.5% to 5.3%. Download Economic Update Report

Recovering from the Covid-19 curbs, in the first quarter, China’s GDP grew by 4.5% year-on-year, 1.6 percentage points higher than the previous quarter, and 2.2 points higher compared to the same quarter last year. Download Economic Update Report [wpcode id=”81699″]

2023’s first quarter growth of 3.32% year-on-year (YoY) is the second to worst recorded first quarter growth since 2011, only beating the 3.21% growth in Q1 2020. Download Economic Update Report [wpcode id=”81699″]