CITIC Securities pointed out that Asia-Pacific emerging economies showed resilience beyond expectations in 2025, but some drivers may weaken in 2026. In the process, export-oriented economies may be under greater pressure, while domestic demand-driven markets may be more resilient. Combined with CLSA analysis, it is expected that in the context of a high base, the economic growth of emerging economies in the Asia-Pacific region may cool down moderately, and there is still room for easing monetary policies in some economies under low inflation. Looking at specific countries, India, Indonesia, Thailand, the Philippines, and Vietnam may continue the easing cycle, but Malaysia and Singapore may maintain steady monetary policies.

CITIC Securities pointed out that Asia-Pacific emerging economies showed resilience beyond expectations in 2025, but some drivers may weaken in 2026. In the process, export-oriented economies may be under greater pressure, while domestic demand-driven markets may be more resilient. Combined with CLSA analysis, it is expected that in the context of a high base, the economic growth of emerging economies in the Asia-Pacific region may cool down moderately, and there is still room for easing monetary policies in some economies under low inflation. Looking at specific countries, India, Indonesia, Thailand, the Philippines, and Vietnam may continue the easing cycle, but Malaysia and Singapore may maintain steady monetary policies.