Shan Saeed, Global Chief Economist at Juwai IQI
By Phubieyas Ahmad
KUALA LUMPUR, Jan 9 – As 2025 begins, the global economy continues to grapple with inflation, geopolitical instability, and soaring debt levels in advanced economies. However, ASEAN shines as a stable force in these tumultuous times, according to Shan Saeed, Global Chief Economist at Juwai IQI.
In an exclusive with TNS News, Shan emphasized the region’s robust economic outlook, highlighting key factors such as strong demographics, modern infrastructure, prudent monetary policies, and rising income levels.
“ASEAN, along with the GCC and Africa, remains a magnet for global investors because of its stability and growth potential,” Shan said.
Reflecting on 2025 projections, Shan’s GDP growth estimates align closely with those of The Economist:
- Indonesia: 5-6% (compared to The Economist’s 5.1%)
- Malaysia: 5-6% (compared to 4.7%)
- Philippines: 6-7% (compared to 6.4%)
- Vietnam: 6-7% (compared to 6.5%)
- Thailand: 3-4% (compared to 3.4%)
“Consumption and investment are the twin engines of growth for ASEAN economies,” Shan explained.
“The region’s macroeconomic stability and policy consistency are building confidence among global investors.”
Shan noted that while the global economic environment remains precarious, ASEAN stands out due to its proactive measures in addressing challenges.
Factors like a young population, natural resources, and stable currencies contribute to the region’s resilience.
“ASEAN’s ability to attract investment and sustain growth amid global uncertainties sets it apart as a key player in the global economy,” he said.
With more than two decades of experience advising global institutions, Shan Saeed has established himself as a thought leader in macroeconomics.
At Juwai IQI, he leads economic strategies, offering insights that guide investment decisions worldwide.
His optimistic stance on ASEAN stems from its potential to thrive even in the face of global headwinds.
In closing, Shan reiterated ASEAN’s strategic importance: “In a world plagued by uncertainty, ASEAN remains the anchor for global growth, providing a sense of stability and optimism for investors and stakeholders alike.”
As 2025 unfolds, ASEAN’s robust economic fundamentals and consistent policies position the region as a focal point for global economic recovery and development.
- TNS News