2023 ASEAN LEADERSHIP AND PARTNERSHIP FORUM - “ASEAN Matters – Centre of Growth, Opportunities & Prosperity”
2023 ASEAN LEADERSHIP AND PARTNERSHIP FORUM - “ASEAN Matters – Centre of Growth, Opportunities & Prosperity”

After experiencing two years of weak growth due to COVID outbreaks, ASEAN has been on a strong recovery path in 2022. Consumption and investment levels are recovering while open borders are driving higher tourist inflows. The recovery, which is being driven by pent-up demand and strong domestic fundamentals, will continue in 2023, making the region a global bright spot.

While ASEAN will continue to provide growth opportunities, global headwinds will slow the pace of recovery. Aggressive rate hikes by the US Federal Reserve, Europe’s energy situation,and strict lockdowns in China will weigh on all aspects of growth in ASEAN. The region will deal with constrained supply of essential commodities, shipping delays, surging inflation, currency depreciation, rising interest rates, and weak export demand. It is also expected that economic activity in most ASEAN markets will recover well above pre-pandemic levels by the end of 2023. However, ASEAN currencies will remain much weaker over the next 12 months compared to early 2022 levels with global supply shortages due to the Ukraine war will lead to elevated inflation levels in 2023.

This year under the chairmanship of Indonesia and with the theme of ASEAN Matters: Epicentrum of Growth, the region aims to build the institutional capacity and effectiveness of ASEAN to ensure faster growth, inclusivity, and economic sustainability. How can Indonesia take the lead in transitioning from G20 vision to ASEAN’s action?

Speakers
Press Coverage
Sponsors & Partners