According to Jinshi Data, UBS Global Wealth Management's Chief Investment Office said that Asia will face the risk of a tariff-induced economic slowdown next year. It is expected that global economic growth in 2025 may drop by 10-20 basis points from 3.2% in 2024.
Asia's trend growth rate may slow down by an average of 0.5-1 percentage point. The economies of some developed countries in the Asia-Pacific region may accelerate. Japan's economic growth rate is expected to be 1.1% in 2025 and negative 0.2% in 2024, and the Bank of Japan is expected to raise interest rates twice in 2025.
In addition, Australia's GDP growth is expected to rise from 1.2% in 2024 to 2.0% in 2025, partly due to fiscal measures to stimulate consumption.