AGP Executive Report
Last update: 4 hours agoCorporate Results: Sri Lanka’s Hemas Holdings lifted quarterly revenue 17% to 37.79 billion rupees, but profit fell 3% as faster-rising costs squeezed margins. US medical-device maker Anika Therapeutics reported 10% revenue growth and raised its 2026 outlook. Digital Economy: Vietnam’s digital market is projected to grow 20% to $49 billion in 2026, led by e-commerce, while India approved 12 electronics manufacturing projects worth more than 7,500 crore rupees. Consumer Outlook: US GDP grew 3.4% in the third quarter, with consumer spending up 3.8% and business investment surging 12.7%; still, three-quarters of surveyed Americans rated the economy poorly, highlighting a gap between growth and household confidence. Ghana Recovery: The IMF endorsed Ghana’s recovery, citing stronger growth and lower inflation, but warned that declining foreign-exchange reserves need urgent attention. Canada’s Growth Bet: Mark Carney’s government is backing major public investment to spur growth and counter trade pressures, though critics warn borrowing may rise without delivering jobs or productivity gains.
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