BLOG

China’s Renewable Surge: Unlocking the Next Phase of Decarbonization
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BLOG

Aging Malaysia Needs Stronger Fiscal Planning
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BLOG

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 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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