From China’s slowing growth to Malaysia and Singapore’s electronics-driven resilience – a new ICAEW report analyses how South-East Asia’s economies are shaping up for 2025. While China grapples with structural challenges, Malaysia and Singapore look set to benefit from global electronics demand, but face pressures from inflation, fiscal tightening and cautious consumer behaviour.
That’s the conclusion of the ICAEW Economic Insight Report Q4 2024, which paints a mixed picture for the region.
Prepared by Oxford Economics and supported by PBEC, the report provides a detailed analysis of how China, Malaysia and Singapore are navigating unique challenges and opportunities heading into 2025.
The report predicts that policymakers across the region are likely to remain focused on stabilising growth while addressing long-term vulnerabilities.
Link to full ICAEW Economic Insight Report Q4 2024 here: https://www.icaew.com/insights/viewpoints-on-the-news/2024/dec-2024/economic-insight-paints-mixed-picture-of-southeast-asia