AGP Executive Report
Last update: 7 hours agoMonetary Policy: The Bank of England is widely expected to raise rates to 4% on Thursday as energy costs threaten to push inflation higher, while signaling that further increases are not guaranteed. Exports and Households: South Korea’s exports surged 93.7% in October, led by semiconductors, but weak consumption and falling retail sales show the boom has yet to reach many households. China’s Banks: The country’s five largest state-owned lenders posted quarterly profit growth of 6% to 11%, their strongest in years, as margins stabilized despite weak credit demand and a slowing economy. Growth Outlook: Fitch Solutions sees Ghana expanding nearly 6% this year, but forecasts growth easing to 4.7% in 2027 as inflation rises and tighter credit weighs on demand. Global Trade: South-South exports reached $6.8 trillion in 2025, highlighting the growing economic ties among developing countries and the importance of resilient trade links. Business Confidence: UK business leaders’ confidence weakened after the Budget, with revenue, investment and hiring expectations all falling in a post-Budget survey.
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