ASEANEWS HEADLINE-46th ASEAN SUMMIT | “Inclusivity and Sustainability” | KUALA LUMPUR: Asean economy to expand at 4.7% in 2025 | FOCUS-Zafrul

May 26, 2025May 26, 2025 Contributor 1 Comment ASEANEWS HEADLINE-46th ASEAN SUMMIT | “Inclusivity and Sustainability” | KUALA LUMPUR: Asean economy to expand at 4.7% in 2025 | FOCUS-Zafrul

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz (The Edge filepix by Shahrin Yahya)

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ASEAN economy to expand at 4.7 pct in 2025 – Tengku Zafrul

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The Association of Southeast Asian Nations (ASEAN) is projected to experience a 4.7% GDP growth in 2025. This growth is expected to be driven by strong domestic demand and a steady recovery in tourism, according to the Asian Development Bank. The projection also suggests that ASEAN’s economy will outpace global growth in 2025.

KUALA LUMPUR (May 25): The collective Asean gross domestic product (GDP) is projected to grow at 4.7% in 2025, as compared to 4.2% last year, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said the 25th Asean Economic Community (AEC) Council meeting on Sunday also forecast the inflation rate for the region at 3%.

“There was a discussion and a presentation by the Asean Secretariat when we talked about the year 2024, and what our forecast is for the year 2025 in terms of GDP growth. There was also a discussion on what we expect the inflation rate to be.

“So today, the expectation is 4.7% for 2025 for the Asean GDP growth and inflation around 3%,” he said in a press conference after the conclusion of the 25th AEC Council meeting on the sidelines of the 46th Asean Summit.

Zafrul said the projection is higher than average compared to the global growth rate, and it is really driven by the strong export and public capital spending in larger economies.

“But the 4.7% growth is subject to … there is a downside risk to that projection because of the external environment and such that we need to look at,” he added.

Commenting on negotiations on the tariff issue, Tengku Zafrul noted that Asean member states have agreed on Asean neutrality, and will continue to support the principle of multilateralism and the need for engagement between each country and the US.

“Every country will have its position vis-à-vis the US, and we welcome the engagement that has been done bilaterally by Asean member states,” he added.

By Anas Abu Hassan / Bernama

25 May 2025,