ECONOMY Global IT Outage: What we know so far ✈️ Certainly! Here’s a concise summary: A worldwide IT outage disrupted banks, media, and airports due to a defective software update, impacting services and travel plans. 🌐✈️🔌
ECONOMY The Silent Epidemic: ASEAN’s Struggle with Developed Country Diseases The shift from labor-intensive industries to technology-driven ones can result in job losses and regional economic disparities. Managing this transition effectively is crucial to maintaining economic stability and growth.
ECONOMY Anwar Ibrahim Calls for Urgent Pension Reforms to Secure Financial Future for Malaysians "EPF data shows that one in four members exhaust their savings within five years after reaching the withdrawal age," Anwar stated while insisting on pension reforms
ECONOMY Global Leaders Deliberate AI Regulation China: The Middle Kingdom wields a precise scalpel. Its targeted AI laws focus on data privacy, cybersecurity, and national security. China treads the fine line between harnessing AI’s potential and maintaining strict controls.
ECONOMY Indonesia’s 2024 Economic Growth Target: Navigating Challenges and Aspirations Despite external uncertainties, domestic growth remains resilient. Economic actors exude confidence, and the entrepreneurial spirit thrives. However, sustaining this momentum necessitates concerted efforts.
ECONOMY Featured The Impact of Fed's Rate Cut on Asian Currencies: A Strategic Perspective As the Fed prepares to deploy its rate-cutting measures, Asian currencies find themselves at a pivotal juncture. While opportunities are abundant, vigilance is paramount.
Germany exports Germany's Economic Titan Stumbles: Unpacking the Challenges Threatening Europe's Growth Engine These issues, compounded by internal political discord, have cast a shadow over Germany's economic outlook, with forecasts indicating a notable slowdown in growth, and in some instances, even a contraction in output.
ECONOMY Eurozone Walks Economic Tightrope: Navigating Challenges Amidst Recession Risks The technical definition of a recession—two consecutive quarters of negative growth—holds true for the eurozone, as witnessed in the first quarter of 2023 with a contraction of 0.1% and a further shrinkage of 0.2% in the preceding quarter of 2022.
ECONOMY Featured Cautious Optimism: Will 2024 Deliver Economic Recovery for ASEAN, China, and Malaysia? So, while we cannot give a definitive yes or no answer to whether 2024 will be the year of economic recovery, we can say that the collective spirit of these nations will be crucial
Gaza Impact of Countries Cutting Ties with Israel on Its Economy Bolivia, Chile, and Colombia have taken drastic diplomatic steps against Israel by recalling their ambassadors from Tel Aviv. Jordan also recalled its ambassador, while Turkey, Chad, and South Africa pulled their ambassadors out.
ECONOMY Anwar's Economic Policies Under Scrutiny: Critics Highlight Lack of Specificity An amalgamation of criticisms has been directed at Anwar's economic strategies. A noteworthy concern is the dearth of specificity, coupled with a predilection for market-oriented approaches.
geopolitics Featured Unlocking Alliances: The Intriguing Dynamics of African Military Contracts with Russia It's important to grasp the multifaceted nature of these military contracts and cooperative arrangements, as they hold diverse implications for both Russia and the African nations involved.
money Euro Zone Inflation Fall Confirmed, Easing Pressure on ECB to Hike Meanwhile, housing, water, electricity, gas & other fuels, the second largest component in the index, eased to the lowest level in almost 2.5-year at +0.8%yoy (Jun-23: +2.5%yoy).
geopolitics China's Quest for Chip Self-Sufficiency: Geopolitical Implications and Global Impact China is changing the game in the chip business after setbacks that has awakened its interest in being self-sufficient in semiconductors
ECONOMY Gold Reserves Surge: Is China Rewriting the Rules of Global Finance The surge in central bank purchases of gold is a notable trend, as many countries aim to reduce their reliance on the US dollar. Amid high inflation, gold reserves offer a way for banks to diversify and move away from the dollar.
economic recovery Thailand: Firm Growth Amid Persistent Risks SINGAPORE, January, 2022 – Thailand’s recovery is gaining momentum on the back of strengthening domestic demand and a stronger rebound in tourist arrivals. However, the weakening global economy and high inflation pose major headwinds to its prospects. As fiscal and monetary policy support are gradually withdrawn, policymakers will need to
brunei Brunei Benefiting From Higher Energy Prices SINGAPORE, January, 2023 – After the setback to growth last year due to the outbreak of the Delta variant of COVID-19, economic activities in Brunei Darussalam are gradually picking up, particularly in the non-oil and gas (O&G) sector. High vaccination rates have allowed containment measures and border restrictions to
ECONOMY Anwar Is Fighting Rising Prices With Targeted Subsidies The new Malaysian government’s economic policies are a little bit known, but their current focus is on combating both price increases and racial polarisation while Anwar Ibrahim, the new PM is suggesting the government will use targeted subsidies to assist the poor. The attempts by the losing parties to
africa Africa Has To Restore Stability in Slow Growth Context WASHINGTON, October 5, 2022—Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction (and bringing economic instability.) The risk of stagflation comes at a time when high-interest rates and debt are forcing African governments to make difficult choices
ECONOMY The COVID Inflation Shock is Now Over The global economy reopened following COVID, causing supply chain disruptions around the world as pent-up consumer demand stretched manufacturing and shipping capacity, resulting in severe delivery delays and significant mark-ups embedded in the prices firms charged consumers globally. This Global Macro Views update builds on work done in 2021, tracking
ECONOMY Now, Why Did US Business Activity Contract Mid-year? The preliminary reading of the S&P Global PMI survey points to slowing business activities in the US economy. The Business activity in the US manufacturing sector grew at the slowest pace since July 2020 as the flash reading of S&P Global Manufacturing PMI fell to 52.
deals Russian Economic Forum Wraps Up With Billions In Deals According to the press office of Russia’s Deputy Prime Minister Yuri Trutnev, deals worth $54 billion (3.27 trillion rubles) was signed at the seventh annual Eastern Economic Forum (EEF) this week in Vladivostok, according to TASS. “Investments totaling about 2.7 trillion rubles ($44.2 billion) were made
ECONOMY The Fed Will Now Slow The pace Of Monetary Policy Tightening Economists predict the FED will now slow the pace of monetary policy tightening after the accelerated hikes from 50 to 70 bps in June. “We think it is time for policy to deemphasize “spot” data. Financial conditions have tightened drastically, especially in housing, and – more fundamentally – data have gotten noisier
ECONOMY US Inflation Has Dropped, Reducing Pressure On The Fed US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates. The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest
ECONOMY Global Macro Views – Is there a Fed pivot? Emerging markets have been in a severe sell-off since early June, when high CPI inflation in the US caused the Fed to accelerate its monetary policy tightening by hiking in 75 bps increments. Last week signaled an end to that urgency, with Chair Powell saying that “We’re at 2.
