Malaysia, India top Asian forecasts for faster growth in 2022

© Provided by BusinessWorld

Economic activity next year in Malaysia and India, two of the countries most affected by COVID-19 outbreaks in recent months, is expected to recover faster than earlier forecast, latest surveys show.

Malaysia’s growth outlook was upgraded by the most in the region — 85 basis points to an expansion of 5.65% next year, according to the latest survey results compiled by Bloomberg. India was a close second, with its economy expected to grow 6.7%, 80 basis points faster than previously seen.

Economists have raised their growth projections for most Asian countries, except Thailand and New Zealand, which saw their outlooks slashed by at least 20 basis points, while Indonesia’s outlook was little changed.

Malaysia, which posted one of the world’s highest daily new infection rates over the past month and underwent a leadership change, doesn’t face any immediate economic risks. The economy’s performance was supported by improvement in domestic demand and continued robust exports, as second-quarter gross domestic product grew 16.1%.

Strong demand is keeping India on track to achieving the world’s fastest growth in the year to March, with new weekly infections dropping to the lowest in more than 6 months as of Sunday. The country’s economic losses have been limited so far, and it will be boosted by factors such as better-adapted firms, stable financial conditions and robust global growth spillovers, said Madhavi Arora, lead economist at Emkay Global Financial Services Ltd.

The survey on consumer price trends showed the biggest revision to New Zealand’s outlook, with inflation there seen accelerating by 90 basis points to 2.3% next year. Singapore and Australia are likely to follow suit with headline inflation seen rising by at least 40 basis points.

“The latest print for wages and inflation showed a strong uptick” for New Zealand, said Thomas Rudgley, economist at Oxford Economics, adding that some of these core drivers of upward pressure will re-emerge, until migration resumes and tightness in the labor market eases. — Bloomberg

REUTERS

Internet Explorer Channel Network
News Related

OTHER NEWS

Syringe shortfall threatens Africa's COVID vaccine drive

© Provided by Al Jazeera The shortage will remain through at least the first quarter of next year according to the UN [File: Ben Curtis/AP Photo] Africa’s struggle to inoculate ... Read more »

EU election observers begin work ahead of Venezuela regional, local vote

© Reuters/LEONARDO FERNANDEZ VILORIA European Union Election Observation Mission (EU EOM) holds news conference ahead of Venezuelan elections, in Caracas By Vivian Sequera CARACAS (Reuters) – European Union election observers ... Read more »

Confused about whether to get a booster? Health experts share what they're telling friends and family

© AP Photo/Lynne Sladky Nurse Alix Zacharski, left, receives a Pfizer COVID-19 booster shot from Douglas Houghton, right, at Jackson Memorial Hospital in Miami on October 5, 2021. AP Photo/Lynne ... Read more »

An actor on the CW's 'Roswell, New Mexico' says he is always shown the inside of a gun right before filming a scene to confirm it's not loaded

© Leon Bennett/FilmMagic/Getty Images Actor Michael Vlamis attends The CW’s launch celebration of “Roswell, New Mexico” on January 10, 2019 in West Hollywood, California. Leon Bennett/FilmMagic/Getty Images CW actor Michael ... Read more »

U.S. Senate confirms Biden's solicitor general pick Prelogar

1 / 3U.S. Senate confirms Biden’s solicitor general pick PrelogarElizabeth Prelogar testifies before Senate Judiciary Committee on Capitol Hill in Washington By Nate Raymond (Reuters) – The U.S. Senate on ... Read more »

Fox News takes heat for graphic showing crosshairs on parents in attack on Merrick Garland

© Fox News School boards were warned of ‘threats of violence’ before Thursday’s committee hearing – Fox News Fox News has come under fire for its coverage of US attorney ... Read more »

NSE-BSE bulk deals: Eriska Investment Fund sells stake in NDTV

MUMBAI: Eriska Investment Fund today sold 2.85 million shares of NDTV at Rs. 79 apiece through a bulk deal on the BSE. In another transaction, Visaka India EIF Fund bought ... Read more »

Barbara Baker obituary

My mother, Barbara Baker, who has died aged 89, drew and painted throughout her life, in watercolours, pastel, charcoal and pencil. In her portraits she demonstrated a rare sensibility for ... Read more »

Extinction Rebellion protesters break into UK's biggest oil refinery and lock themselves to 50ft silos

Extinction Rebellion protesters break into UK‘s biggest oil refinery and lock themselves to 50ft silos – Extinction Rebellion Two Team GB Olympians were part of an Extinction Rebellion protest which ... Read more »

A day after Capt announces to form new party, Channi meets Rahul

© Provided by Hindustan Times Punjab CM Charanjit Singh Channi leaves after meeting Congress leader Rahul Gandhi at his residence, in New Delhi on Thursday. (ANI) Chandigarh Punjab chief minister Charanjit ... Read more »

Logan Paul slaps heckler after Mike Tyson question

Logan Paul got physical with a heckler while clubbing with friends on Wednesday night. The YouTuber and boxer was standing outside celeb hotspot Nightingale in West Hollywood, when a group ... Read more »

PMC takes action against 23 illegal firecracker stalls in Pune

© Provided by Hindustan Times An illegal firecracker stall is dismantled by the PMC on Thursday. PMC takes action against 23 illegal firecracker stalls in Pune. (HT) PUNE: Despite the ... Read more »

Romantic encounters between Cuban zoo animals surge during quarantine

Bengal tiger cubs play at the zoo in Havana, Cuba, October 27, 2021. Reuters HAVANA, Oct 28 – Zookeepers at Cuba’s National Zoo say several species of exotic and endangered ... Read more »

Cristiano Ronaldo and Georgina Rodríguez are having twins: ‘Our hearts are full'

© cristiano/INSTAGRAM ronaldo.JPG Cristiano Ronaldo and pregnant Georgina Rodríguez announced they were having twins. The showbiz couple were delighted to share their baby news with the rest of the world ... Read more »

T20 World Cup 2021: Fixtures, results, schedule, Super 12 group tables, squads - Australia thrash Sri Lanka

© Getty Images davidwarneraustraliasrilankat20worldcup28102021A.jpg England, Pakistan and Australia are setting the early pace in the first week of the T20 World Cup’s Super 12 stage. On Saturday, England got their ... Read more »

Gaby Egli (73) gehörte der ersten Girlgroup Europas an: Ein Leben wider alle Klischees

Die heutige Rollschuh-Nati-Trainerin Gaby Egli spielte in den späten 1960er-Jahren bei der ersten europäischen Pop-Girlgroup, den Dandy Girls aus Norwegen. Die Musik hat sie seither nicht losgelassen. Aktuell ist sie ... Read more »

Biden urges Democrats to unite around ‘historic' $1.75tn investment package

Joe Biden on Thursday unveiled a “historic economic framework” that he said would make the US more competitive and resilient, touting the $1.75tn plan to expand the nation’s social safety ... Read more »

Key events in Wisconsin surrounding Rittenhouse shootings

KENOSHA, Wis. (AP) — A timeline of key events before and after Kyle Rittenhouse shot three people during a night of unrest in Kenosha, Wisconsin, last year: © Provided by ... Read more »

New trailer for 'Lightyear' shows Chris Evans as Buzz Lightyear, but not in the same iconic role Tim Allen played in 'Toy Story'

© Provided by INSIDER “Lightyear” and “Toy Story” both feature Buzz Lightyear, but one is the “real” person and the other is a toy. Disney/Pixar Disney released a teaser for ... Read more »

Duran Duran biopic in the works

© Provided by Cover Media Duran Duran Duran Duran are the next major music act with a biopic in the works. Simon Le Bon, Nick Rhodes and John and Roger ... Read more »

Democrats scrap bank reporting requirement from U.S. spending package

FILE PHOTO: The dome of the U.S. Capitol in Washington By Pete Schroeder WASHINGTON (Reuters) – U.S. banks will not be required to report additional information about certain accounts to ... Read more »

Emmerdale's killer Meena issues chilling threat to Jacob as next victim 'sealed'

Emmerdale teased Meena Jutla’s possible next victim on Thursday night, as Jacob Gallagher got on the wrong side of her. Meena thought she had turned Jacob against his father David ... Read more »

US issues first passport with X gender marker to reflect ‘lived reality' of non-binary Americans

The United States has issued the country’s first-ever passport with an X gender marker, allowing non-binary Americans to “live with greater dignity and respect”. On Wednesday, the US State Department ... Read more »

Senior Tory demands Boris Johnson take ‘urgent action' on farm labour shortages

The chairman of the Environment, Food and Rural Affairs Committee has urged the Prime Minister to take “urgent action” to tackle “unprecedented” farm labour shortages caused by Brexit and the ... Read more »

All confirmed cars in Forza Horizon 5

© Provided by GamePur Forza Horizon 5 takes players to Mexico with the largest map in the history of the series. From arid deserts, dense jungles, bustling towns, and even ... Read more »

‘Up In The Blue Seats' Podcast Episode 61: Mark Messier Talks Rangers, Captaincy, Broadcasting

Mark Messier NYPost composite: Getty Images The captain. The Messiah. The face of the Rangers franchise. 1994 Stanley Cup champion. Mark Messier. He was the latest guest on the “Up ... Read more »

Fitness buffs say Chipotle's supply chain issues are messing with their gains

© Joe Raedle/Getty Images Weight lifters told Insider they’ve noticed supply shortages and smaller portions at Chipotle. Chipotle has a reputation among lifters as a go-to post workout meal. Joe ... Read more »

Vermont gun-group leader says Alec Baldwin ‘broke every single rule of basic firearm safety'

“Alec Baldwin’s hubris directly contributed to the chain of mistakes which ultimately culminated in him shooting a young mother,” wrote Eric Davis, president of Gun Owners of Vermont, in a ... Read more »

Joey Barton Apologizes 'If Anybody Was Offended' By Bristol Rovers Holocaust Analogy

© Provided by Sports Illustrated Barton apologized “if anybody was offended” by his decision to compare Bristol Rovers’ recent game against Newport County to “a Holocaust.” View the original article ... Read more »

W.House expects Biden-Erdogan meeting in Glasgow: official

© Brendan Smialowski US President Joe Biden leaves for summits in Rome and Glasgow, where he expects to meet his Turkish counterpart Recep Tayyip Erdogan US President Joe Biden expects ... Read more »

Shop the 9 best luggage brands for every travel need in 2021

NY Post Composite Pack your bags, the world is once again yours for the taking. For many of us it’s been almost two years without travel but with vaccination rates ... Read more »

3 guilty in killing of girl, 12, that shook New Orleans

1 / 212-year-old Killed-PleaFILE – A cutout of Todriana Peters stands in her living room with her cousin Brione Rogers and mother Katrina Lambert in New Orleans, Thursday, July 8, ... Read more »

‘Gang's All Here' Podcast Episode 80: Joe Benigno Talks Sad State of the Jets – Oh The Pain

Screengrab via WFAN Oh, the pain. They’re three words Jets fans know well. It’s the three words Joe Benigno used many times on WFAN and it’s now the title of ... Read more »

Philadelphia settles in fatal shooting of Walter Wallace Jr.

PHILADELPHIA (AP) — Philadelphia has agreed to settle a wrongful death lawsuit filed by the family of Walter Wallace Jr., a Black man experiencing a mental health episode whose fatal ... Read more »

Coastal Carolina vs. Troy prediction: Take the heavy favorite

Grayson McCall AP Howie Kussoy picks his winner for Thursday night’s college football matchup between Coastal Carolina and Troy. Home team in CAPS. COASTAL CAROLINA (-17.5) over Troy The Chanticleers’ ... Read more »

Zillow's flips flop, hurting profits but benefitting some homeowners

Zillow has paused its home-flipping operation, which has never turned a profit. Getty Images The streets aren’t being easy on Zillow, which is reportedly losing money on homes it bought ... Read more »

I broke down on the phone to Elton John when my friend died, reveals Ed Sheeran

THEY are two of the world’s biggest pop stars – one riding high at the top of music’s A-list right now, the other a chart legend with decades of hits. ... Read more »

Ana Navarro makes baseless race-baiting accusations regarding Kyrsten Sinema

Ana Navarro-Cárdenas has never met a baseless racial accusation she didn’t like. © (Screenshot/ABC) Ana Navarro.png The View commentator was apparently peeved at the outfit that maverick Democratic Sen. Kyrsten ... Read more »

Bizarre details emerge over how Barcelona sacked Ronald Koeman

© Provided by 90min Ronald Koeman was sacked by Barcelona on Wednesday night | Eric Alonso/GettyImages Ronald Koeman is reported to have been sacked as Barcelona coach whilst still on ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic