ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Malaysia, Indonesia 2023 GDPs revised up on firm spending: JCER

Economist consensus shows 5 ASEAN countries to expand 4.3%, India 5.6%

Women browse shops for Christmas decorations at a shopping mall in Jakarta on Dec. 12. Economists say robust household spending will support Indonesia's economic growth in 2023.   © Reuters

TOKYO -- Economists have revised up next year's growth projections for Malaysia and Indonesia, citing robust domestic demand, according to a fresh survey compiled by the Japan Center for Economic Research and Nikkei, underscoring the Southeast Asian economies' resilience amid a global downturn.

The JCER and Nikkei conducted the latest quarterly consensus survey from Nov. 25 to Dec. 15, receiving 34 answers from economists and analysts in the five biggest economies of the Association of Southeast Asian Nations -- Indonesia, Malaysia, the Philippines, Singapore and Thailand -- and India.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more