AGP Executive Report
Last update: 9 hours agoU.S. Growth and Inflation: GDP grew at a 3.4% annual pace in Q3, led by consumer spending and AI investment, but September inflation rose to 3.6% year over year. The Fed held rates steady, with price pressures keeping a December hike in focus. Asia’s Momentum: Malaysia’s economy grew 5.3% in Q3, and officials expect full-year growth to top 5%. China grew 4.5%, but net exports drove 39% of Q3 growth as weak domestic demand and falling investment weighed. Europe’s Outlook: Ireland reported 5.5% Q3 growth, largely from multinational-led industry and technology, while its domestic-focused GNI* measure gives a more grounded picture. The ECB paused rate increases as eurozone inflation reached 3.8%, citing energy costs and uncertainty; December is the next key review. South Africa’s Revised Picture: A GDP rebasing puts the economy 4.9% larger than previously estimated, reflecting updated sector weights and broader accounting for informal and illegal activity.
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