Group 1 - The Asian Development Bank (ADB) has revised down the economic growth forecast for developing economies in the Asia-Pacific region to 4.7% for 2025 and 4.6% for 2026 [1] - The downward revision is primarily influenced by the impact of US tariff policies, global trade uncertainties, and weak domestic demand [1]

Core Viewpoint - The Bank of Canada's Governor Macklem indicated that domestic demand in Canada was weak in the first quarter, and if tariffs and uncertainty persist, households and businesses may continue to adopt a cautious stance [1] Group 1 - The first quarter saw a decline in domestic demand in Canada [1] - Ongoing tariffs and uncertainty are likely to contribute to a cautious attitude among households and businesses [1]