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Malaysia's transition to the endemic phase of COVID-19 is expected to sustain the country's economic rebound, with the move seen to boost domestic consumption and revive the tourism, hospitality and retail industries that were hit by the pandemic, analysts say.
The rise in energy costs due to higher global oil prices amid the Ukraine-Russia war will drag down the Philippines’ gross domestic product by as much as one percentage point, ANZ Research said.
Analysts note that while the Bangko Sentral ng Pilipinas kept interest rates at 2% again this month, BSP chief Benjamin Diokno also said preparations for unwinding support have already begun. Some see rates staying unchanged for the entire year, while others see a hike as early as late second quarter.
Analysts note that while the Bangko Sentral ng Pilipinas kept interest rates at 2% again this month, BSP chief Benjamin Diokno also said preparations for unwinding support have already begun. Some see rates staying unchanged for the entire year, while others see a hike as early as late second quarter.
MUMBAI: India, which is set to regain the world’s fastest-growing major economy title, will likely prioritise growth over fiscal consolidation by boosting spending, according to economists surveyed ahead of the presentation of the nation’s federal budget.