AMRO Outlook: Divergent GDP Growth Across the Region, Inflation Forecasts Raised (ASEAN, Korea, Singapore, China, Philippines, Vietnam, Hong Kong, Malaysia, Myanmar, Japan, Middle East)A · FULL TRANSLATION
- AMRO releases its latest economic outlook
- GDP growth rates diverge across the region's economies
- Overall inflation forecasts are revised upward
- Coverage spans ASEAN, Korea, Singapore, China, the Philippines, Vietnam, Hong Kong, Malaysia, Myanmar, Japan and the Middle East
AMRO simultaneously raising inflation and flagging diverging growth signals that Asia is entering an "out-of-sync" phase—the old pattern of regional economies rising and falling together is loosening as countries take divergent paths shaped by domestic demand, export structure and policy space. For firms, "Asia" can no longer be treated as a single market.
The implication: upward inflation revisions mean central banks have less room to ease, higher-for-longer rates may persist, dampening investment and consumption and pressuring highly indebted economies; growth divergence reshapes supply chains and capital allocation, concentrating capital where growth is more certain.
With Asia no longer marching in step, should the old "Asia-wide growth" narrative give way to finer country-by-country judgment?
AMRO (the ASEAN+3 Macroeconomic Research Office) has released its latest economic outlook, noting regional divergence in GDP growth rates across economies and raising its inflation forecasts.
The outlook covers economies including ASEAN, Korea, Singapore, China, the Philippines, Vietnam, Hong Kong, Malaysia, Myanmar, Japan and the Middle East.
The report shows divergence in growth momentum—some economies growing more strongly, others more weakly—while inflationary pressure is higher than previously expected, prompting an upward revision to the overall inflation forecast. JETRO has compiled the outlook to help businesses grasp economic trends in Asia and related regions.