In 2024, ASEAN continues to demonstrate resilience amid global economic uncertainties, driven by strong domestic demand and a rebound in exports. In 2024, ASEAN demonstrated remarkable resilience amid global economic uncertainties. The region’s economy expanded by 4.6% and is projected to grow by 4.7% in 2025, driven by robust domestic demand and a recovery in exports.
The region remains a key partner for German businesses, with trade and investment ties strengthening. Germany’s presence in ASEAN is expanding, particularly in sectors like machinery, automotive, and chemicals, while foreign direct investment is rising.
Looking ahead, the region’s positive economic outlook and deepening trade relations offer promising opportunities for German enterprises seeking growth and expansion in Southeast Asia.
Malaysia
Malaysia’s economic outlook for 2025 is optimistic, with a slight growth moderation to 4.7%, driven by robust consumption and investment. The government’s focus on digitalization, green tech, and special zones aligns with Germany’s strengths. This year, Malaysia’s ASEAN chairmanship is expected to bring further foreign investment attention to the country and the region. In 2024, Malaysia hit a historic milestone when it recorded EUR81.5 billion in approved investments, marking a 14.9% increase from the previous year.