Quarterly Update of the ASEAN+3 Regional Economic Outlook (AREO) – July 2025
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China’s Renewable Surge: Unlocking the Next Phase of Decarbonization
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Aging Malaysia Needs Stronger Fiscal Planning
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Rethinking Internationalization: Japan’s Bonds Over the Yen
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POLICY PERSPECTIVES

Powering Payments: The Role of Technology in ASEAN’s Regional Payment Connectivity Initiative
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Beyond Crises, Growing Together: Evolving ASEAN+3 Financial Cooperation as a Living Institution
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Contributing to the macroeconomic and financial resilience and stability of the ASEAN+3 region

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ASEAN+3 Regional Economic Outlook Update - July 2025

US Tariffs Cloud ASEAN+3 Outlook; Regional Integration Gains Urgency

In the July 2025 update of the AREO, AMRO forecasts the ASEAN+3 region to grow at region to grow at 3.8 percent in 2025 and 3.6 percent in 2026. Reflecting heightened global uncertainties, particularly the evolving US tariff measures, the growth forecasts represent a downward revision from AMRO’s April projections of 4.2 percent in 2025 and 4.1 percent in 2026 which did not include the impact of then newly-announced US tariffs.

Inflation in the region continues to moderate, despite a temporary spike in oil prices driven by Middle East tensions.

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