Trump 2.0: The First 100 Days | APAC

Positive Growth Across APAC Under Baseline Scenario Average Annual GDP Growth: Baseline, Upside and Downside Scenarios, 2025-26

-2% 0% 2% 4% 6% 8%

2025

Australia Chinese mainland

Hong Kong, China

Indonesia India Japan South Korea

Malaysia New Zealand

Philippines Singapore Thailand Taiwan, China

Vietnam

-2% 0% 2% 4% 6% 8% 10%

2026

Australia Chinese mainland

Hong Kong, China

Indonesia India Japan South Korea

Malaysia New Zealand

Philippines Singapore Thailand Taiwan, China

Vietnam

Source: Moody’s Analytics; Cushman & Wakefield Research

CONTENTS

Cushman & Wakefield