Where Data Tells the Story
© Voronoi 2026. All rights reserved.
The Asian Development Bank, in its Asian Growth Outlook July 2025 update, has revised downwards growth projections for many Asian economies. This downward revision has been attributed to factors like – growing global trade uncertainty, escalating tariffs, a fragile Chinese property sector, and geopolitical risks that include flaring tensions in the Middle East (West Asia). The emergence of these factors has cast a shadow over the region’s economic outlook.
Despite recording strong first quarter growth, the outlook for 2025 for seven out of eleven major economies appear bleak – reflecting not just global headwinds, but also country-specific vulnerabilities. There are economies that have weathered the storm – on the back of structural strengths and/or sector-specific tailwinds. The pattern of revisions allows us to probe the ways in which Asia’s diverse economies are – absorbing or resisting – the global shocks of 2025!
Key Takeaways:
Note: Percentage points (PP) is the arithmetic difference between two percentages, not a relative change.
Source: Forecasts for real GDP have been published by the Asian Development Bank in its Asia Growth Outlook July 2025 release