New Zealand suffers deeper-than-expected recession
New Zealand’s economy suffered a deeper-than-expected recession in the second and third quarters as high interest rates curbed demand. The New Zealand dollar fell to a two-year low.
Singapore's 2021 GDP growth forecast revised up to 6.9%, says survey
Singapore's GDP is expected to grow by 6.9 percent this year according to economists and analysts in the Survey of Professional Forecasters, the Monetary Authority of Singapore (MAS) has announced in its report.
China’s 2023 GDP forecasts twisted and turned as prognosticators puzzled over country’s future
Institutions publishing predictions of China’s economic growth had to alter their estimates frequently in 2023After China lifted its pandemic lockdowns, the explosive recovery many had expected did not take place, forcing rapid-fire changes
UK economy grew by record 16% in Q3 after first lockdown slump
LONDON: Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, according to official data which also showed government borrowing soaring to pay for the coronavirus crisis.
MARC Ratings expects oil prices to remain higher for rest of 2023, next year
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC Ratings) foresees the Brent oil prices to remain elevated to hover around US$85-US$95 (US$1=RM4.78) for the remainder of 2023 and within the range of US$80-US$100 per barrel in 2024.
Brent crude oil prices to remain elevated
Brent crude oil prices are expected to hover around US$85 to US$95 in the remaining part of 2023 based on current geopolitical developments, supply dynamics, financial markets and seasonal effects, says Malaysian Rating Corp Bhd (MARC).
Better than you think
OVER the recent holidays. I met up with many friends, most wearing a protective face mask in a rather relaxed observance of social-distancing guidelines.
