ASEAN+3 urged to improve fiscal risk management amid geopolitical uncertainties
The ASEAN+3 Macroeconomic Research Office (AMRO) has urged policymakers to reinforce their fiscal risk management amid geopolitical uncertainties and structural headwinds. It expects regional economic growth to moderate this year, after significant shifts in global trade conditions triggered by US tariffs. Governments could also continue to feel pressure due to rising risks, such as oil volatility. Singapore was among the economies cited in the AMRO report that had better-than-budgeted fiscal balances last year.
The ASEAN+3 Macroeconomic Research Office (AMRO) has urged policymakers to reinforce their fiscal risk management amid geopolitical uncertainties and structural headwinds. It expects regional economic growth to moderate this year, after significant shifts in global trade conditions triggered by US tariffs. Governments could also continue to feel pressure due to rising risks, such as oil volatility. Singapore was among the economies cited in the AMRO report that had better-than-budgeted fiscal balances last year.
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