AGP Executive Report
Last update: 11 hours agoGlobal Outlook: IMF chief Kristalina Georgieva warned that the AI investment boom, energy shocks and record public debt are raising risks, with AI gains concentrated in a handful of economies. India: The Reserve Bank raised its benchmark rate to 5.5% to contain inflation, while lifting its FY27 growth forecast to 7.1%; higher borrowing costs could weigh on households and businesses. Malaysia: Prime Minister Anwar Ibrahim says the 2027 budget will aim to ease living costs and spread growth’s benefits more fairly, with details due Friday. Growth Forecasts: The World Bank lifted Nigeria’s 2026 growth outlook to 4.3% and raised its forecast for sub-Saharan Africa to the same rate. Asia Productivity: A new regional report finds annual labour-productivity growth among member economies slowed to 2.5% in 2019–24, from 2.9% in 2015–19.
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