Despite being in sync with most of the government’s projections, the economy of Singapore is expected to grow by 2.6% this year, as per the survey of the Monetary Authority of Singapore. Economists, however, warned that geopolitical tensions and trade uncertainties might pose risks to this growth. Last month, a survey was conducted of 20 economists, and they jointly kept …

Korea – Korea has rebounded successfully from the pandemic, owing to solid economic foundations and timely governmental actions. Despite repeated rounds of infections, economic production has reached pre-crisis levels. The recovery was aided by excellent pandemic containment, which included quick vaccination last year, as well as aggressive economic policy assistance, which helped to reduce economic scarring, preserve income growth, and …

Malaysia – According to a World Bank assessment, Malaysia’s economy is predicted to rise 5.5 percent this year, owing to improved domestic demand, more exports, and the reopening of borders. It stated that the external industry is expected to continue to assist, particularly in the areas of electrical and electronic products (E&E) and medical rubber gloves. However, it warned that …

Asian equities rallied again and the dollar extended losses on Friday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown. Despite the painful toll the disease is inflicting on lives and economies, markets are on course to end the week with healthy gains following a barrage of …

Central banks in Thailand and the US are expected to further slash their policy interest rates in the hope that monetary stimulus will help mitigate the impact of the coronavirus epidemic, economists say. They also provided a grim forecast for Thailand’s economic outlook this year, expecting GDP growth to arrive at no more than 2%. The US Federal Reserve on …