Digital development is likely to be scaled up in Southeast Asia this year, defying a global economic slowdown and the headwinds of monetary tightening, says London-based think tank Asia House.
In its Annual Outlook 2023 report, the think tank predicted the Asian economy is likely to prove resilient if investment and financial flows are directed to digital and green innovation to underpin sustainable growth and investment.
A resilient Asia will drive global economic growth in 2023, despite the obstacles of monetary tightening and weak global growth, noted the report.
“Our outlook indicates Asia’s growth prospects continue to hinge on an acceleration in digital transformation, greater regional coordination and striking the right balance in broader monetary policy across the region,” said Phyllis Papadavid, director of research and advisory.
Thailand’s digital…
