BANGKOK -- Five of Southeast Asia's six largest economies have reported slower year-on-year growth in the first quarter of 2025, showing economic momentum was starting to fade even before new U.S. tariffs.
Malaysia, Singapore and Thailand predict weaker-than-expected full-year growth
A container terminal in Singapore. The trade-oriented economy expects headwinds from U.S. tariffs for the rest of the year. © Reuters
BANGKOK -- Five of Southeast Asia's six largest economies have reported slower year-on-year growth in the first quarter of 2025, showing economic momentum was starting to fade even before new U.S. tariffs.