In light of Trump’s tariffs, what’s next for Asean giants in their quest for breakthrough growth?
Vietnam, the Philippines and Indonesia all have lofty dreams of expansion, but Trump’s latest round of tariffs are a spanner in the works
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[SINGAPORE] South-east Asian economies know a thing or two about resilience.
Asean weathered the 1997 Asian financial crisis, the 2007-2008 global financial trouble, the 2013 “taper tantrum”, the Covid-19 pandemic, and the 2022 interest-rate shock – all while holding its own as a key growth driver for Asia.
In particular, the Philippines and Vietnam – the bloc’s growth stars – have beaten expectations with prints that headline South-east Asia’s economic expansion.
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