During the period under review, the Association of Southeast Asian Nations (ASEAN) witnessed unprecedented developments in some parts of the world that marked a turning point in current global trajectory. Among other things, the weakening of multilateral institutions, trade tensions, and unresolved flashpoints continue  to cast uncertainty over short-to-medium-term outlook, and carry policy implications for the region. On the flip side, the pickup in global growth gave good cause for greater confidence.

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