PRESS RELEASE

Hong Kong, China: Navigating Growth Challenges Amid Global Trade Headwinds

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BLOG

Are Yen Fluctuations Playing a Bigger Role in Shaping the Japanese Economy?

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BLOG

Charting Malaysia’s Fiscal Strategy Amid Rising Global Uncertainty

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BLOG

Joined at the Hip: Regional Banks and Japan’s Regional Revitalization Strategies

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BLOG

China Still An Attractive FDI Destination

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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 2025

ASEAN+3 Positioned for Resilience Amid Unprecedented Trade Shocks

The ASEAN+3 region maintained stable growth of 4.3 percent in 2024 despite various uncertainties and is positioned to remain resilient with the policy space to cushion near-term shocks. However, the outlook for the region faces significant headwinds from an unprecedented escalation of tariffs globally.

This year’s report features three chapters: Chapter 1 presents the near-term economic prospects and key risks for the region, including potential impacts of US trade policies; Chapter 2 analyzes post-pandemic inflation dynamics and their policy implications; and Chapter 3 examines the structural factors behind the region’s declining long-term growth potential, outlining five strategic policy priorities to reinvigorate sustainable economic development across the region.

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