ASEAN+3 Positioned for Resilience Amid Unprecedented Trade Shocks
The ASEAN+3 Macroeconomic Research Office (AMRO) released its annual flagship report, the ASEAN+3 Regional Economic Outlook (AREO) 2025, highlighting the region’s resilience and policy capacity to withstand unprecedented global trade shocks following the US administration’s sweeping tariff announcement on April 2. These tariffs mark a sharp escalation in trade protectionism and have introduced heightened uncertainty far exceeding market expectations. „The announcement of elevated and broad-based tariffs by the US, and the developments since, have added significant layers of complexity to the ASEAN+3 region’s outlook,“ said AMRO Chief Economist Hoe Ee Khor. „Nevertheless, ASEAN+3 economies today are more resilient and diversified than during past global shocks and better positioned to navigate the unfolding tariff shock.“ The ASEAN+3 region faces a disproportionate impact from the US tariff measures. 13 out of the 14 member economies are subject to some of the highest effective tariff…
