EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Wednesday, March 22, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

APAC region economic expansion slows amid global risks

by moneycompass
March 28, 2022
in Global Market News
Asia Pacific's (APAC) economic expansion is expected to slow down, said Moody's Investors Service (Moody's).
Share on FacebookShare on WhatsApp

KUALA LUMPUR – Asia Pacific’s (APAC) economic expansion is expected to slow down, said Moody’s Investors Service (Moody’s).

Moody’s released a note that said the APAC region’s economies could be affected due to the uncertainties from the Russian-Ukraine military conflict.

It also listed monetary policy normalisation, sluggish international tourism rebound, tempered domestic demand, and weak business sentiments as factors to dampen APAC economic growth.

Despite that, Moody’s said that the APAC region’s economy remains fundamentally sound. Furthermore, its critical export base continues to grow and allows for an increase in foreign reserves, strengthening its account balance and stabilising currencies.

“APAC exports continued to rise through the early months of this year on the back of accelerating global trade throughout last year’s fourth quarter,” it added.

 

Malaysia among countries benefiting from high commodity export prices

Moody’s said that China’s exports were strong and rising above expectations while India, South Korea, and Malaysia also benefitted from strong demand and price increase for commodities. These includes palm oil, crude oil, food grains, semiconductors and its components, as well as autos and auto parts.

Several of the APAC commodity-producing countries performed even better in March’s forecast, including Malaysia and Indonesia that saw demand from high prices for their commodity exports.

Aside from that, Moody’s also noted the high and rising inflation among countries including India, New Zealand, Thailand, Singapore and South Korea.

“Central banks are watching inflation carefully to decide when to take their  feet  off  the economic  accelerator  as the impacts  of  COVID-19  begin to  fade, and they are also keeping an eye on the United States Federal Reserve (Fed).

“Should the Fed accelerate its path to policy normalisation, APAC central banks may have little choice but to commence policy tightening if they have not done so already,” it added.

– BERNAMA

 

Join our Telegram group for the latest updates!

 

Read more: Slower economic growth expected for Malaysia

Tags: Asia-PacificEconomyMoody's
ShareSendShareSendTweetShare
Previous Post

European cloud communications provider Dstny acquires Qunifi to take a leadership position in Microsoft Teams business integrations

Next Post

Euler Hermes is now Allianz Trade

Related Posts

Global Market News

Kenanga: The Fed’s massive interest rate rise may continue to put pressure on the ringgit

09 Nov 2022
Global Market News

The ringgit opens higher on the prospect of China reopening, as markets rallied

09 Nov 2022
Ringgit/USdollar
Global Market News

Ringgit opens lower versus the US dollar

11 Oct 2022

Discussion about this post

MOST POPULAR

  • Top 100 SMEs Defy Economic Headwinds to Post Triple-Digit Growth

    0 shares
    Share 0 Tweet 0
  • Haleon launches #BetterOralCareNation campaign to improve oral health habits in Malaysia

    0 shares
    Share 0 Tweet 0
  • 7 Reasons to Hold MICE Events at The Westin Grand Ballroom and Convention Center, Surabaya

    0 shares
    Share 0 Tweet 0
  • Leveraging MineSec’s SDK, NCCNet SoftPOS solution receives PCI CPoC certification

    0 shares
    Share 0 Tweet 0
  • Dataxet Group Operation in Malaysia Wins Prestigious Brand Laureate Award for Sustainable Business

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER