ASEAN braces itself for economic fallout from Mid-East crisis, warns of ‘prolonged instability’

AI Summary

ASEAN leaders are bracing for significant economic fallout from the Middle East crisis, warning of prolonged instability that could disrupt trade, raise energy costs, and slow regional growth. The bloc is calling for de-escalation and coordinated responses to mitigate the impact. The crisis is seen as a major external shock to Southeast Asian economies.

ASEAN leaders warned that the conflict could disrupt trade, raise energy costs and slow regional growth.