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June 25, 2026

Asia Economic Outlook

Quarterly UpdateEquitiesRates Govt BondsFXInformation TechnologyEnergy

The Q3 2026 Asia Economic Outlook highlights how the semiconductor-led 'tech supercycle' is shielding several Asian economies from the residual effects of the Middle East conflict. Central banks across the region are signaling a pivot toward tighter monetary policy to address rising inflation.

Key Takeaways

  • 1.The global tech supercycle is significantly offsetting economic headwinds from the Middle East conflict in Asian markets.
  • 2.Monetary policy across the region is shifting toward tightening as growth becomes more secure and inflation pressures build.
  • 3.Indonesia and the Philippines remain the region's main exceptions to the growth resilience, with weaker macro positions and external pressures.

Table of Contents

  • Regional Overview
  • Economic and Financial Market Forecasts
  • Mainland China
  • India
  • Indonesia
  • Malaysia
  • The Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Contacts
  • Important Notice

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Authors

Sanjay MathurKhoon Goh

Securities

USD/CNYUSD/IDRUSDINR

Themes

Tech SupercycleMonetary Policy NormalizationInflationary Pressures

Regions

Asia PacificChinaIndiaIndonesia