Export Recovery and Elevated Interest Rates to Shape APAC Growth in 2024
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#bb21630e ver:0.1
Export recovery and elevated interest rates will shape APAC's growth in 2024. Northeast Asian semiconductor shipments have expanded to other sectors and economies, boosting export volumes in China and Southeast Asian countries. S&P Global Ratings expects higher GDP growth in Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. However, Japan's growth will slow due to inflation, and Australia's will be dampened by restrictive interest rates. US policy rates will also influence domestic demand. Challenges include debt, trade barriers, policy uncertainties, and Myanmar's economic crisis. Governments must address long-term issues for sustainable growth. #APAC #exportrecovery #interestrates #GDPgrowth #economicchallenges...
#newstr #ExportRecovery #InterestRates #ApacGrowth #S&pGlobalRatings
https://here.news/story/bb21630e?ver=0.1
Moody's Analytics: Philippines Among Worst Growth Underachievers in ASEAN
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#bb21630e ver:0.09
Asia's economic growth is projected to slow down in 2024 due to debt, trade barriers, and policy uncertainties. Leading firms in the region are not playing their expected role, posing risks to the economic outlook. China's transition to balanced growth is crucial, and Vietnam needs to focus on productivity improvements. The international economic slowdown is expected to be the worst in over four decades, impacting Asian economies. Myanmar's economy faces severe challenges, and the Philippines is identified as the worst underachiever in ASEAN. Governments must address long-term issues and invest in education for sustainable growth. #AsiaEconomy #EconomicOutlook #ASEAN #Myanmar #Philippines...
#newstr #AsianEconomies #EconomicGrowth #Asean #Myanmar #Philippines #Moody'sAnalytics #Gdp #Inflation #ExchangeRates #CentralBanks
https://here.news/story/bb21630e?ver=0.09
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