KUALA LUMPUR, Sept 25 — The Asia Pacific (Apac) remained a multi-speed region, with its developed economies undergoing soft landings and seeing low but positive growth, while the...
KUALA LUMPUR, Sept 25 — The Asia Pacific remained a multi-speed region, with its developed economies undergoing soft landings and seeing low but positive growth, while the emerging market economies are poised for robust expansions, said S&P Global Ratings.
“For the rest of the region, domestic resilience has caused us to slightly increase our forecast for 2023 growth to 3.9 per cent, and we maintain it at 4.4 per cent for 2024. Investment growth was also held up, it said, with the real y-o-y expansion easing one percentage point to 4.1 per cent in the second quarter and momentum remaining buoyant in emerging markets.
It said that India led again, with GDP growing 4.2 per cent quarter on quarter to a level 7.8 per cent up on a year ago.
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