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 this year. Strong domestic demand and expenditure are expected to support economic growth, with the first quarter of 2023 showing more robust performance compared to the previous quarter.

Philippine Peso and Malaysian Ringgit lead Asian currency gains, supported by resilient U.S. economic data. Both currencies strengthen in January, with ringgit appreciating about 4% year-to-date, reflecting improved economic outlook and investor optimism.

The Malaysian consumer sector is expected to remain robust, driven by strong domestic demand and improved supply chain operations. Despite potential headwinds like inflation and declining consumer sentiment, businesses adapting to customer needs may successfully navigate the market landscape.

- 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.