목차
Executive Summary 3
Introduction 7
Section 1 – Asia’s Macroeconomic Outlook for 2026 10
1.1 Macroeconomic fundamentals 14
1.2 Risks to Asia’s macroeconomy 15
1.3 Trade outlook 17
Section 2 – Geopolitics and Risks to the Outlook 24
2.1 Trade uncertainty: The key risk to Asia’s outlook 25
2.2 Global conflicts ease but the landscape remains fragile 226
2.3 Regional security flashpoints 27
2.4 Asian domestic political adjustments 29
Section 3 – Asia’s 2026 Outlook by Country 31
China: Silver linings to persist in 2026 33
India: A regional outperformer 35
Indonesia: Steady growth in 2026 36
Japan: Subdued economic growth ahead 38
South Korea: Growth with resilience 39
Malaysia: Domestic demand to fuel growth 41
Vietnam: A story of transformation 43
Thailand: Stable growth with risks on the horizon 44
The Philippines: Strong growth despite escalating risks 46
Section 4 – Asia is Emerging as a Digital, AI and Semiconductor Hub 48
4.1 Asia’s rapid digitalisation 49
Interview with Gobind Singh Deo, Minister of Digital, Malaysia 51
4.2 Asia’s e-commerce sector is booming but faces challenges 54
4.3 AI progress amid global tech race 56
4.4 Semiconductor production remains vulnerable to geopolitical tensions 58
4.5 Electric vehicles: Competitive measures and shifting trade patterns 60
Section 5 – Asia’s Sustainable Energy Transition 62
5.1 Ensuring Asia’s energy security 63
5.2 Renewables drive energy investment in Asia 64
5.3 Asia’s carbon markets expand 66
5.4 Green finance 70
Conclusion 74
References 76
Authors 96
