AGP Executive Report
Last update: 6 hours agoInflation and Rates: Economists have raised inflation forecasts for 31 of 50 economies for 2027, with energy costs and Middle East conflict keeping price pressures alive. Australia’s hotter-than-expected inflation has strengthened expectations of a rate rise, while the Fed is widely expected to hold rates as investors watch for clues on its next move. Growth: South Korea’s economy grew 1% in the third quarter, powered by chip exports and investment, but household spending fell for the first time in nearly four years. Cyprus grew 3.3%, led by consumption and investment. China: The growth gap between provinces widened, though nine of the 10 largest provincial economies matched or outpaced national growth of 4.6%. Supply Chains: The U.S. produced just 300 tonnes of rare-earth magnets in 2025 against consumption of about 48,000 tonnes, leaving manufacturers exposed to potential Chinese export curbs. Consumers: U.S. confidence rebounded in October as gas prices eased, but remained on a longer-term downward trend.
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