Since the end of 2023, global financial conditions have fluctuated considerably. This has been driven by expectations around Fed policy and US growth outlook; swings in valuations of technology stocks; and rising geopolitical tensions. As a result, the ASEAN+3 region faces various risks and challenges, including heightened market volatility exacerbated by rising intra- and inter-regional financial interconnectedness; lingering vulnerabilities in the property developer sector; and a high reliance on the US dollar.
Watch AMRO Chief Economist Hoe Ee Khor, Lead Economist Kevin Cheng and Senior Financial Specialist Prashant Pande discuss the risks and challenges to the region’s financial stability and present policy considerations to address conjunctural and structural issues.