Asian Growth Outlook Cut by ADB, AMRO on US Tariffs, Geopolitics

Two major research organizations in Asia anticipate slower growth in the world’s most populous region next year amid elevated US tariffs and mounting geopolitical risks.

The Asian Development Bank downgraded its outlook for economic growth across the region, with East Asia revised down to 4.3% from a 4.4% forecast in April. ASEAN +3 Macroeconomic Research Office, or AMRO, predicts a 4.2% pace of growth in 2025 from 4.3% last year.

The ADB almost halved its expectations for South Korea, and cut the outlook for Southeast Asia to 4.2% from 4.7%. Taiwan was the only major economy to see its 2025 ...