Analysis by Region - Asia Pacific
We downgraded our GDP forecasts for 2025 to 2% from 2.2%. Even so, that's a big improvement from the lacklustre growth of just 0.6% this year. The central bank accelerated the pace of its cutting cycle with 50 basis point cuts in October and November. We expect 125 basis points of rate cuts over 2025. That should drive a lift in growth over the year ahead.
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