Asia Economist, Founder, Asia Decoded

Priyanka Kishore

Experienced economist with two decades of expertise in analysing macro-economic and policy trends across Asia. Founder of Asia Decoded, a macro consultancy providing advisory services to policy makers, think tanks, corporates and institutional investors. Prior to that Chief India and SEA Economist for Oxford Economics and senior economist and strategist in the banking sector.

Available for bespoke research, presentations and speaking engagements.

Asia Economist, Founder

Five Themes for Asia in 2025 : Bracing for Trump 2.0

Asia Decoded

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Macroeconomics

<ul>
<li>The swift escalation in the US-China trade war would ordinarily have been a trigger for faster supply chain diversification.</li>
<li>But this is unlikely amid skyrocketing uncertainty. Investments will likely slow to a crawl over 2025-26, as firms delay decisions on expansions and relocation of production to new destinations.</li>
<li>Firms cannot move manufacturing to the US at the rapid pace at which tariffs are being implemented, without running into production bottlenecks and higher costs.</li>
</ul>


The swift escalation in the US-China trade war would ordinarily have been a trigger for faster supply chain diversification.
But this is unlikely amid skyrocketing uncertainty. Investments will likely slow to a crawl over 2025-26, as firms delay decisions on expansions and relocation of production to new destinations.
Firms cannot move manufacturing to the US at the rapid pace at which tariffs are being implemented, without running into production bottlenecks and higher costs.


'China Plus' Is Collateral Damage of 'America First'