AGP Executive Report
Last update: 9 hours agoMalaysia Budget: The 2027 budget is expected to ease living costs while strengthening public finances. A government report says targeted fuel subsidies had cost RM18 billion by August, with officials arguing that tighter targeting can protect vulnerable households and support economic activity. Global Outlook: UNCTAD sees world growth slowing to 2.6% this year from 2.9% in 2025, citing energy shocks and financial instability. Asia is forecast to generate 59% of global growth, though the agency cautions that the AI trade boom may not deliver broad gains. Markets & Debt: Economist Kenneth Rogoff says he has only recently begun worrying about a US debt crisis, pointing to rising interest costs and the risk of a major shock. Business: Airtel Money began trading in London after a £529 million IPO, valuing the African financial-services company at about £5.3 billion. Household Strain: US consumers remain gloomy despite solid growth, with high costs and anxiety over AI’s effects on jobs widening the gap between economic performance and how people feel.
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