AMRO：2025年东盟+3区域经济展望报告（英文版）

• ASEAN+3 is expected to grow at a slower pace of 3.8 percent in 2025 and 3.6 percent in 2026, reflecting the impact of higher tariffs and a broader global demand slowdown. • Regional inflation is expected to remain low at about 1 percent in 2025 and 2026, in line with moderation in global commodity prices and more subdued demand pressures. • Outlook for the region remains fraught with high uncertainties. Escalation of US protectionist policies continues to be the most salient risk, alongside