AGP Executive Report
Last update: 10 hours agoGlobal Trade & G7 Prep: China’s vice premier urged economic cooperation and “inclusive growth” in a Macron-led call ahead of next week’s G7, as the bloc weighs tougher trade steps over low-priced Chinese exports. UK Growth Shock: The UK economy contracted 0.1% in April, the first fall in months, with services down while manufacturing rose—an Iran-war drag tied to higher fuel costs. Central Banks: The ECB raised rates by 25 bps, saying inflation pressures from the Middle East mean a hike may be enough for now. Middle East Fallout: South Korea’s finance ministry sees recovery supported by exports and sentiment, but warns Mideast uncertainty could hit inflation and jobs. Energy & Investment: Cambodia says its renewable buildout (hydro/solar) has kept electricity prices near pre–Hormuz levels; the Philippines certified 13 renewable projects under its Green Lane to speed permits. Policy & Trade Deals: India’s Piyush Goyal heads to Switzerland to push the TEPA trade pact; UAE/GCC growth is forecast to rebound in 2027-28 after 2026 slowdown. Local Economy Signals: Yorkshire & Humber business activity fell sharply in May as costs and uncertainty weighed on demand. Human Capital Pressure: Pakistan’s Economic Survey pegs 2025 floods losses at Rs822bn and warns growth targets were revised down; it also highlights health and nutrition gains.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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