Core Insights - The ASEAN and China-Japan-South Korea macroeconomic research office has raised the growth forecast for the region to 4.1% for 2025, up from previous estimates, reflecting strong economic performance in the first half of the year and better-than-expected export momentum [1] Economic Outlook - The average economic growth rate for the ASEAN and China-Japan-South Korea region is projected to be 4.1% in 2025 and 3.8% in 2026, indicating an upward revision from July forecasts [1] - The upward revision is attributed to robust economic performance and export dynamics in the first half of the year [1] Trade and Market Dynamics - Export-oriented enterprises, particularly small and medium-sized enterprises reliant on the U.S. market, may face profit pressures due to changing trade patterns [1] - Rising U.S. tariffs could sustain inflation, posing challenges to the Federal Reserve's monetary policy and potentially leading to spillover effects [1] - Increased uncertainty regarding the U.S. dollar's safe-haven status may further fragment the global financial system [1]