Asian Economies in Turmoil Under the Trump Administration

The Japan Center for Economic Research (JCER) released its 10th Medium-term Asian Economic Forecast, which projects GDP growth for 18 countries and regions in the Asia-Pacific region, from 2024 through 2035.

The forecast covers 15 major Asian countries and regions, and the U.S., Australia and Canada for comparison. It extends over a time horizon of 12 years (2024-2035), six years longer than the IMF’s (International Monetary Fund) World Economic Outlook, which provides forecasts through 2029. Unlike the Asian Development Bank, which focuses on the current growth rate of developing countries in Asia, JCER’s Asian Outlook is a long-term, comprehensive forecast of the Asian economy.

In this report, we base our forecast on the “Digital Potential” (JCER Digital Potential Index) and the policies of the incoming Trump administration.