""The ASEAN+3 region entered 2026 from a position of strength, but the Middle East conflict has shifted the balance of risks to the downside," Dong He, AMRO's chief economist, stated, highlighting the impact of geopolitical tensions on economic forecasts."
""In Q1 2026, the actual growth in many of our economies was stronger than expected," said Allen Ng, emphasizing that without the Middle East conflict, forecasts would likely have been higher than 4%."
""ASEAN's economy will grow 4.6% in 2026 and 4.8% in 2027, making it the key driver of Asia's growth in the near future," indicating the region's pivotal role in the overall economic landscape."
The ASEAN+3 region, comprising Southeast Asia, China, Japan, and South Korea, achieved a 4.3% growth in 2025, surpassing initial forecasts despite tariff challenges. However, the ongoing Iran war has disrupted global supply chains and energy supplies, affecting Asia's economy. AMRO projects a steady growth of 4% for 2026 and 2027, indicating unease about future risks. ASEAN is expected to drive growth with a projected 4.6% in 2026 and 4.8% in 2027, while the 'plus-three' economies will grow at 3.8%. Southeast Asia's growth is attributed to densification in global supply chains.
Read at Fortune
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