Panelists: US trade conflicts with trading partners putting pressure on Asean

Chairman of CIMB ASEAN Research Institute (CARI) and President of ASEAN Business Club Tan Sri Dr Munir Majid (middle) taking a group photo with (from left) Executive Director of the South East Asian Central Banks (SEACEN) Research and Training Centre Dr. Hans Genberg; Global Head of Senior Executive Banking of DZ Bank Frank Scheidig; Honorary Advisor of CARI Tan Sri Andrew Sheng; Chairman and Co-Founder of Official Monetary and Financial Institutions Forum (OMFIF) David Marsh; Chief Economist of the ASEAN+3 Macroeconomic Research Office (AMRO) Dr Hoe Ee Khor and Strategic Advisor, World Reserve Trust Stephen Hill at a roundtable titled 'What Lessons Learned from Financial Crises of Recent Times', organised by CARI in collaboration with ASEAN Business Club and OMFIF t

KUALA LUMPUR: Experts cautioned that the escalating trade conflict between the United States and its major trading partners coupled with the strengthening of the US dollar are putting pressure on the short-term macroeconomic outlook, as well as posing significant policy challenges on Asian emerging markets economies, including Asean.

Asean policymakers must pursue holistic policy mix to prepare the region for potential near-term economic and financial hazards, given its high exposure to global and regional trade.