AGP Executive Report
Last update: 8 hours agoUK Outlook: Chancellor John Healey’s first Budget raised taxes on banks and online retailers, while the fiscal buffer fell to £15 billion. The OBR cut its 2027 growth forecast to 1% from 1.6%, citing inflation and the Iran war. Iran Crisis: The economy faces a contraction of more than 25%, with soaring prices and wartime job losses squeezing households and businesses. Official data put September inflation at 89.8% year on year. Digital Growth: Malaysia’s digital economy is forecast to reach US$48 billion in 2026, up 20% and matching Vietnam for the region’s fastest growth. Industry Investment: The World Bank approved $485 million to help Turkish manufacturers adopt green and digital technologies. Asia’s Momentum: South Korea’s economy grew 1% in the third quarter, powered by semiconductor exports, though household spending fell. India’s industrial output growth also slowed to 6.7% in September.
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