Tag: GDP Growth

9 June 2023, Islamabad, Pakistan The Pakistan Economic Survey 2022/23 highlights the challenges faced by Pakistan's economy and the growth experienced during the fiscal year....

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus reports that Malaysia is unlikely to enter a recession in 2023. Despite reduced foreign demand, domestic expenditure is expected to anchor economic growth, with the first quarter of 2023 showing more robust performance compared to the previous quarter.

Asian financial markets show positive momentum as U.S. economic data boosts investor confidence. The Philippine Peso and Malaysian Ringgit strengthen, reflecting robust economic performance and improved regional market outlook. Both currencies experience significant gains in early January, driven by strong economic indicators and renewed investor optimism.

The Malaysian consumer sector is expected to maintain robust performance, supported by strong domestic demand and improving supply chain operations. Despite challenges like inflation and potential recession concerns, businesses adapting to customer needs can successfully navigate the market. Commodity price stabilization and restocking ease are contributing to sector stability.

Asian markets show mixed performance as Hong Kong and China stocks rise, despite worries about economic slowdown. The MSCI Asia-Pacific index edges up, with Hang Seng surging over 2% following China's COVID policy relaxation. Australian and Japanese markets experience declines, reflecting ongoing global economic uncertainties.

Banking stocks remain a relatively safe investment despite emerging challenges. The sector is experiencing declining interest rates, increasing deposit competition, and potential asset quality issues. Experts suggest focusing on non-interest revenue streams to maintain financial resilience in a potentially challenging economic landscape.