EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Monday, March 27, 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 economies in better standing while still recovering from pandemic

by moneycompass
July 22, 2022
in Global Market News
Islamic capital market
Share on FacebookShare on WhatsApp

KUALA LUMPUR – Economies in the Asia Pacific (APAC) region are in better standing despite many of the countries still in expansion or recovering from COVID-19.

Moody’s Analytics stated that if conditions outside the APAC region continue to deteriorate, the risks of recession would increase especially since exports are a key growth driver and the US and Europe are vital sources of demand.

In a recently published research note, it said there will be increased pressure on domestic demand given that central banks in Asia are hiking tightening monetary policies.

According to the note, global businesses are getting increasingly anxious due to the heightened risk of recession. The weekly business survey conducted by Moody’s Analytics showed that sentiment has been on the decline since early 2022.

“There is not always a strong causal relationship between sentiment and the actual economy but with so much being thrown at households and businesses over the past two years, there is a greater risk that this persistent anxiety will contribute to a decline in hiring, investment, and also spending.

“This concern has grown in weight – corporate expectations for economic conditions six months ahead are anticipated to deteriorate markedly and are now at their lowest level since 2009’s global financial crisis,” it explained.

In a separate note, Moody’s Analytics stated that total debt-to-gross domestic product (GDP) ratios in the APAC region have remained substantially above pre-pandemic levels, despite the fact that some countries, such as Singapore, Malaysia, and Indonesia, would post lower debt ratios in 2021 than in 2020.

The note said it was partially due to the effectiveness in containing domestic COVID-19 cases while also keeping production lines open.

With regards to household debt, it stated that the government’s fiscal policies throughout Southeast Asia have offered aid to stabilise the household debt last year.

Despite that, the debt-to-GDP ratios in Malaysia and Thailand have remained the two highest in Southeast Asia and are both at risk of non-performance as interest rates normalise.

High household debt continues to be a major problem although there is a recent slowdown the pace of household debt growth while many Southeast Asian countries also face skyrocketing housing prices as hot money and market speculation continues to drive prices upward, the note added.

 

Join our Telegram group for the latest updates!

 

Read more: China’s Economy Reels From Covid-19 Lockdowns

Tags: Asia-PacificMoody's Analytics
ShareSendShareSendTweetShare
Previous Post

Huawei’s New Financial Cloud-Network Solution Builds New Connectivity for Smarter and Greener Finance

Next Post

Rockwills Records Highest Growth and Expands Footprint

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

  • 10 Ways to Curb Overspending

    10 Ways to Curb Overspending

    1 shares
    Share 0 Tweet 0
  • Top 100 SMEs Defy Economic Headwinds to Post Triple-Digit Growth

    0 shares
    Share 0 Tweet 0
  • Shark Beauty™ Launches the Shark FlexStyle™ Air Styling & Drying System and Celebrates Hair Diversity in For All Hairkind™ Campaign

    0 shares
    Share 0 Tweet 0
  • ESG practices towards transformative change for a more sustainable world

    0 shares
    Share 0 Tweet 0
  • How to Start Trading on the Malaysian Stock Market

    5 shares
    Share 5 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