Trump 2.0: The First 100 Days | APAC

Labour Markets to Remain Resilient Unemployment Rate: Baseline, Upside and Downside Scenarios, 2025-26

0% 2% 4% 6% 8%

2025

Australia Chinese mainland

Hong Kong, China

Indonesia India Japan South Korea

Malaysia New

Philippines Singapore Thailand Taiwan, China

Vietnam

Zealand

0% 2% 4% 6% 8%

2026

Australia Chinese mainland

Hong Kong, China

Indonesia India Japan South Korea

Malaysia New

Philippines Singapore Thailand Taiwan, China

Vietnam

Zealand

Source: Moody’s Analytics; Cushman & Wakefield Research

CONTENTS

Cushman & Wakefield