AGP Executive Report
Last update: 11 hours agoGlobal Outlook: The IMF sees world growth slowing to 3.1% in 2026 from 3.5% in 2025, with energy disruptions and geopolitical uncertainty weighing on activity while AI investment supports some economies. It forecasts U.S. growth of 2.3% in both 2026 and 2027, but warns that inflation, public borrowing and market risks remain concerns. Trade and Payments: Malaysia aims to conclude an EU free-trade deal by June 2027, with nearly 80% of negotiations complete, as it seeks wider market access. Visa has also won approval to prepare a domestic card-clearing business in China, a step toward competing in the country’s payments market. Investment: Industrial-gas producer NovaAir plans to lift its Malaysian plant’s capacity use above 90% within two years and expand across Southeast Asia, bolstering supply for regional manufacturers. Regional Rebound: The IMF projects UAE growth to rebound to 7.7% in 2027 after a forecast 3.9% contraction this year, reflecting the uneven impact of regional conflict on economies.
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