South Asia’s Expanding Industrial Base, Anchored by India
India provides the region's industrial scale and Bangladesh is driving the fastest export-led expansion.
China’s Investment Engine Moderates as Private and Property Activity Weakens
Fixed asset investment has continued to expand steadily, but growth has slowed in recent years, with the sharpest declines in real estate and construction.
India’s Manufacturing Output Reaches Record Highs as Services Continue to Dominate Growth
Manufacturing is expanding steadily in absolute terms, but India’s growth model remains firmly services-led.
The Philippines: Scale, Stability and Demographic Tailwinds in ASEAN
The Philippines is ASEAN’s most domestically anchored growth platform, combining demographic depth with diversified external exposure.
Malaysia: ASEAN’s Most Balanced Upper-Middle Income Growth Platform
Diversified global trade exposure, strong manufacturing intensity and rising FDI underpin resilient growth with lower volatility than many regional peers.
China’s Industrial Cycle in 2025: Output Steady, Margins Recovering Despite Muted Sentiment
While PMI remained cautious and marginally contractionary, steady export demand and resilient output kept manufacturing on a modest but stable growth path.
North Africa’s Manufacturing Landscape Offers Scale, Export Platforms and Specialisation
Egypt anchors domestic manufacturing scale, Morocco leads industrial export integration and Tunisia is a high-intensity specialist.
ASEAN-6: Diversified Industrial Engines of Southeast Asia
Combining high-tech export platforms, scale-driven domestic markets and a global trade hub, ASEAN-6 is a uniquely diversified industrial ecosystem.
Thailand: ASEAN’s Established Industrial Platform
Thailand’s USD 300 billion export base, rising FDI inflows and manufacturing depth keep it central to ASEAN supply chains.
Trade Policy Uncertainty Has Become a Structural Feature of the Global Economy
A decade of data shows a structural break in 2024, after which trade policy volatility no longer returns to its historical baseline.