Asia’s Economic Cycles Turn Inward as Regional Finance Gains Influence

For decades, Asia’s macroeconomic fortunes were viewed through two external lenses: Western demand drove its factories, while the Federal Reserve and the dollar shaped its financial conditions. Both remain important. But this perspective increasingly misses how much the region itself now matters. Across ASEAN+3 (ASEAN, plus China, Japan, and Korea), changing production and demand structures […]