AGP Executive Report
Last update: 9 hours agoASEAN Digital Trade: Southeast Asian countries signed a regional pact aimed at doubling the digital economy to $2 trillion by 2030, with shared rules and easier cross-border payments expected to help smaller businesses reach new markets. Global Outlook: Goldman Sachs sees world growth edging up to 2.8% in 2027, as easing energy prices and stronger AI investment offset tighter financial conditions. UAE Economy: Fitch kept the Emirates at AA- with a stable outlook, forecasting 0.5% growth this year despite a contraction in non-oil GDP. Trade Relations: China and the United States held their first trade council meeting, discussing tariffs, agriculture and a reciprocal tariff-reduction arrangement covering about $30 billion in goods. Interest Rates: The Bank of England’s chief economist signalled further rate increases may be needed to curb inflation, putting borrowers facing mortgage renewals under pressure. Investment Ties: The UAE and Mozambique discussed trade, investment, energy and food security as negotiations continue on a comprehensive economic partnership agreement.
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