AGP Executive Report
Last update: 11 hours agoRates and Inflation: Sticky US inflation has strengthened expectations of further Federal Reserve rate hikes, though officials remain divided over how quickly to act. Victoria’s Outlook: The Australian state is forecast to grow just 1% this financial year, with its cash deficit reaching A$33 billion over four years and net debt rising to A$196.2 billion by 2030; a data-centre boom is supporting activity but adding uncertainty. AI Investment: Grab, SoftBank and Sarawak’s PETROS plan to invest US$1.85 billion in Malaysian computing projects, targeting at least five gigawatts of capacity. India Growth: Moody’s lifted its 2026 growth forecast to 7%, citing resilience to global shocks. Small-Business Finance: South Africa’s Yoco secured a US$100 million facility to expand cash advances for merchants, including small firms underserved by traditional lenders. Disaster Funding: The Asian Development Bank approved US$500 million in financing to help Pakistan respond to natural disasters and limit their economic and fiscal costs.
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