Trade worries cloud ASEAN's outlook after slow Q1 GDP growth

Malaysia, Singapore and Thailand predict weaker-than-expected full-year growth

20250519 Container terminal in Singapore

A container terminal in Singapore. The trade-oriented economy expects headwinds from U.S. tariffs for the rest of the year.  © Reuters

APORNRATH PHOONPHONGPHIPHAT

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.

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