Tag: GDP

- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.

Banking stocks remain a relatively safe investment despite emerging challenges. The industry anticipates strong retail loan growth while navigating increasing deposit competition, declining interest rates, and potential macroeconomic pressures. Non-interest revenues could become a strategic focus for banks.

Malaysia's franchise industry is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The sector has seen a 47% increase in franchise outlets in 2021, creating approximately 49,000 jobs and demonstrating strong potential for economic expansion.

Indonesia's economy showed significant improvement in Q2, growing 7.07% and breaking out of recession. The growth rate, the strongest in 17 years, surpassed analyst predictions. However, rising Covid-19 infections could potentially disrupt the ongoing economic recovery.

Singapore's economy grew by 1.3% in the first quarter of 2021, according to the Ministry of Trade and Industry. Despite the strong performance, the full-year GDP forecast remains unchanged. The government anticipates revising the forecast in August based on global and domestic economic conditions.