Economic growth in the Asia-Pacific region slowed in 2024 against the backdrop of global economic deceleration and uncertainty surrounding the U.S. Federal Reserve’s monetary policy. Front-loading effects ahead of comprehensive tariffs sustained economic resilience in the first half of 2025. However，growth in the second half of the year is expected to be slightly weaker due to the impact of U.S. tariff policies and ongoing uncertainties. The weighted average economic growth rate of 17 Asia-Pacific countries is projected to be 4.6% in 2025，slightly higher than in 2024 and 1.4 percentage points above the global economic growth rate. Meanwhile，the lagged effects of monetary tightening and continued improvements in global supply chains are driving a sustained decline in inflation across the Asia-Pacific region. The relative weakness of the U.S. dollar，amid interest rate cuts and declining U.S. Treasury yields，has led to the appreciation of most Asia-Pacific currencies against the dollar. Current account balances have diverged，primarily influenced by U.S. tariff policies，countries heavily reliant on demand from Europe and the United States have seen their current accounts deteriorate，while energy transition，re-export activities，and the recovery of international tourism have improved current accounts in other economies. Looking ahead to 2026，the Asia-Pacific economy faces multiple risks and challenges，particularly uncertainties in U.S. tariff policies and the technological decoupling between the U.S. and China. These factors are expected to impact regional economic growth through trade and financial channels. However，robust domestic demand supported by accommodative monetary policies and low inflation，fiscal initiatives promoting green energy transition and digital economic development，and the advancement of regional trade agreements will bolster the region’s economy. These factors will enable the Asia-Pacific to continue playing a positive role in global economic growth.