As 2024 begins, ASEAN finds itself in difficult but dynamic financial and political environments. Economically, ASEAN is ready to surpass world progress charges, fuelled by report ranges of overseas direct funding and booming commerce numbers. Regardless of this upward development, the area will proceed to face challenges like world inflationary pressures, the impacts of provide chain disruptions, the necessity to scale back its carbon footprint and many others., while additionally guaranteeing continued financial and social improvement, and the record goes on.
Politically, ASEAN will see an fascinating yr in 2024. Indonesia, its largest member state, goes to the polls, whereas the brand new governments of Thailand and Cambodia – and to some extent, even Malaysia – will proceed to seek out their footing. In the meantime, the area continues to be stress-tested by massive energy rivalries – with Laos on the helm of ASEAN subsequent yr, it stays to be seen how the nation will navigate the area by unsure occasions.
How will ASEAN maintain its progress, and the place will it stand within the midst of geopolitical challenges? Watch our webinar and listen to from our panellists as they dissect the area’s financial and political trajectories.
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