Malaysia calls for regional integration to reduce social disparities, trade barriers
KUALA LUMPUR: Malaysia is calling for regional integration to reduce social disparities and trade barriers among Asian countries. Deputy Prime Minister Datuk Seri Fadillah Yusof said active participation from all Asian nations can boost economic growth and create jobs in the green economy by leveraging their extensive infrastructure, particularly in transportation. “With 4.7 billion people […]
Asian markets fall again as traders eye more rate hikes
Hong Kong, China: Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy. Eyes are also on Tokyo after forecast-beating inflation figures fuelled speculation on whether the Bank of Japan will shift away from its ultra-loose monetary policy that […]
IMF lowers 2023 forecast for global economy
WASHINGTON: The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising geopolitical tensions and financial stability hang over the updated forecasts, with the impact of war in Ukraine continuing […]
Covid-19 impact could cost global economy $8.8 trillion
KUALA LUMPUR: The global economy could suffer between $5.8 trillion and $8.8 trillion in losses, equivalent to 6.4 per cent to 9.7 per cent of global gross domestic product as a result of Covid-19, according to a new report released by the Asian Development Bank (ADB). The Updated Assessment of the Potential Economic Impact of Covid-19 […]
