ASEAN’s economy is expected to grow despite a gloomy global economic forecast, said ASEAN Secretary-General Dato Paduka Lim Jock Hoi during the Asean Business and Investment Summit (ABIS) in Cambodia yesterday.
The secretary-general said the regional economy is expected to grow by 4.9 per cent this year and 5.2 per cent next year.
Asean’s regional economic outlook stands optimistic and member countries have reached higher trade volume compared to the pre-pandemic levels, he said. However, “Asean must not be complacent. We are exploring initiatives and deepen our economic community building to ensure that the region remains dynamic and relevant”.
Meanwhile, ABIS saw panel discussions with regional experts, covering topics on the Regional Comprehensive Economic Partnership (RCEP) and ASEAN’s digital readiness.
Cambodian Prime Minister Hun Sen made a call for an ‘ASEAN Green Deal’, in response to climate change, natural disasters and environmental damage.