Asia Pacific Macroeconomic Forecasts


Risk Adjusted Medium-Long Term Macroeconomic Forecasts


Country Acuity Advisors has partnered with Icon Economics to offer medium to long term macroeconomic forecasts to our valued customers.  Our Country Risk and FX Reports combine our country expertise with macroeconomic and financial market capabilities to provide systematic, transparent, and unbiased long-term growth, inflation, and exchange rate forecasts for 23 Asia Pacific economies. 

Systematic – Our forecast methodology is consistent across all countries in the region which allows apples-to-apples comparisons and avoids extrapolating trends or forecasting based on the whims of industry sentiment towards a particular country.

Transparent – Rather than hiding behind any ‘black box’ forecasting models which often face limitations and lack transparency, we provide a breakdown of the drivers of growth, inflation, and currencies so clients can see exactly where and why our forecasts differ from the consensus. 

Unbiassed – Most importantly, our growth forecasts reflect our views and only our views, which allows us to be unshackled from the constraints often faced by larger organizations.

Our unique forecasting methodology is grounded in our understanding of free-market economic theory and the fundamental drivers of wealth creation, shaped by 30 years of real-world forecasting and risk analysis experience across Asia. 

Use our forecasters  to plan for the future and increase your organization's resilience to change and uncertaintyOur analysis and forecasts  can be used to develop your own revenue growth estimates, plan for economic and political risks and opportunities, and gain an overall better understanding of the long-term outlook for Asia’s economic and political landscape.  



What to use our forecasts ?

Revenue/Costs forecasting 

Capacity planning 

Scenario Planning

Country comparisons

Risk management 

Currency Risk

Who uses our forecasts?

Small & Medium Business

Large Enterprises

Fin-Tech & Start ups

Financial Services

Export-Import Business

Public Sector Agencies 

Currency & commodities traders

Professional Services firms 

Our forecasting philosophy, approach and Risk Adjustment Process


In an environment where we are inundated with information and data, we cut through the day to day clutter and the news cycle and focus on what's most important to medium-to-long term macroeconomic growth and wealth creation.  Using a rules based systemic approach we focus on getting the long term drivers and major economic turning points right vs the monthly and quarterly gyrations of economic activity and financial markets.  To do this, we look at fundamentals, which we then further break down to six broad categories to formulate our macroeconomic potential for any given economy.  These categories include Economic potential, Financial Stability, Economic Freedom, Business Environment, Political Stability and Human Capital. 

At the same time, macroeconomic forecasting is subject to hidden risks which are difficult to incorporate into core views. With this in mind, we have introduced Risk-Adjustments to our real GDP growth forecasts which take into account ‘hidden’ economic and/or political risk factors outside our baseline assumptions. Adjustments to our baseline forecasts reflect the exposure of the economy to exogenous shocks and the potential for positive or negative economic/political reforms.  

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Sample Report


North East Asia - China, Hong Kong SAR, Japan, Macau, Mongolia, North Korea, South Korea and Taiwan

South East Asia - Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Timor-Leste, and Vietnam

South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka

Oceania - Australia, Fiji, French Polynesia, Kiribati, New Zealand, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanavatu

Foreign Exchange Forecasts - For all 23 above economies against the USD, Euro, GBP and Yen 

Special Introductory Offer

SGD $ 4850 for entire data set

4 quarterly updates 


We provide 10-year real GDP macro economic growth outlook and forecasts for the above 23 Asian economies.  Our forecasts are based on fundamentals, theory, and real world data.  Because forecasting complex and dyanmics systems is more an art than science and is fraught with risk, we introduce a Risk Adjusted GDP figure to accompany our core forecasts and provide an extra layer of utility. 

This risk adjustment brings into play political, economic, financial, social and governance factors which help determine the variability of growth across the region. 


We will update this forecast quarterly (4 times per year).  Updates will be emailed.   

Special Introductory Offer

SGD 485 for  individual country 

4 quarterly updates

MACROECONOMIC GROWTH - GDP  Quarterly One Time Payment

If you need an one off GDP, Inflation and Foreign exchange forecast, but need no quarterly updates, we provide you with the option to purchase one report.    

Special Introductory Offer

SGD 285 for  individual country

One time Purchase 

Frequently asked questions

How do I place an order?

Once you select and make a paypal payment, we then send you the requested report. If you have specific questions about the order, please contact us at Each country report will be sent as a PDF file. We can also provide MS Excel forecast sheets if necessary.

Is the payment secure and do you collect any credit card details?

We use paypal to manage our online payments and as such do not store any of your personal details or credit cards on this website. Please see our privacy policy here and paypal's privacy policy and security features here

Who are you and what are your backgrounds?

These macroforecasts are a joint collaboration between Country Acuity Advisors and Icon Economics, two Singapore based macro and political risk advisory and forecasting firms. We worked in finance and international business for over 15 years and collectively have over 30 years of experience and have been through the up and down economic and financial cycles. We are macro economic, market and political nerds, we love working on macro-politics and the intersection. You can read more about our methodology, philosophy in our respective websites.

There are many choices out there? Why this forecasts vs others?

Yes, choice is good so is competition. We are a new and niche player in the forecasting space. We don't have large bureucracies or PR managers who ask us to tone down our views. We can afford to put our neck out and make bold calls where others maybe more hesitant to do so. We think our rules based systemic approach that fuses both fundamentals and real world risks are uniquely suited for investors, business owners and risk manager who plan medium-long term vs short-term. We will make mistakes, there are no forecasters who get it 100% all the time, anyone who claims so is likely not being sincere. Mistakes will be recognized and we will come clean that we messed up and why.

How can a small firm cover so many economies?

We focused on the medium to long term. Not the day to day and monthly data points and news cycle. And here's a scret, medium to long term growth does not change because of monthly PMI figures or because a leader tweets or not. Of course the short term has some impact on the medium term, but that is a shorter term impact for the most part. We are at a stage where information is in abundance, one needs to know where to find it, how to synthesis it and then how to manipulate it. We use our networks, knowledge and expertise and provide a Systemic, Transparent, and Unbiased forecast.

Stay in touch 


Icon Economics is an independent macro economic and financial market analysis and forecasting firm.

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Country Acuity is a risk advisory firm specializing in emerging and frontier markets in Asia.

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