[SINGAPORE] The full impact of the escalating US tariffs on Asean’s growth will likely emerge in 2026 – when the region is expected to face a sharp slowdown. Bloomberg Economics projected on Tuesday (Jun 17) that gross domestic product growth across the Asean-5 economies – Singapore, Malaysia, the Philippines, Vietnam and Indonesia – is expected to fall from 4.5 per cent in 2024 to 3 per cent in 2025. The research unit added that growth could even fade to 1.5 per cent in 2026 if the tariffs stay in place. Among the five, Thailand and Singapore are likely to be hit the hardest because of their exposure to global trade, said Bloomberg’s senior economist for South-east Asia Tamara Henderson. https://www.businesstimes.com.sg/international/asean/singapore-thailand-may-see-negative-growth-2026-asean-reels-tariffs-economists (ICE SINGAPORE)

Fonte notizia: The Business Times, 17 June 2025