China premier warns 2023 growth target 'no easy task'
The government set the economic growth target of 'around 5%' this month, one of the lowest in decades as China emerged from strict zero-Covid rules that dragged on its GDP.
Turkey earthquake could result in loss of up to 1% of country's GDP in 2023
The bank stated it as a 'reasonable estimate' due to the expected boost from reconstruction efforts later this year, which will offset the negative impact to infrastructure and supply chains.
Don't just trim spending, govt told on economic measures
Economists say it is also important to increase the country's tax base and generate new revenue in order to tackle its deficit.
World Bank ups growth forecast for Malaysia amid economic boom
It has revised its GDP growth forecast for Malaysia to 6.4% in 2022 against 5.5% projected earlier on the back of heightened economic activity in the first half of the year.
MOH wants public health allocation raised to 5% of GDP
Health Minister Khairy Jamaluddin says Malaysia is currently allocating only 2.9% of its GDP for this purpose.
Malaysia expected to see GDP growth of 5.3% to 6.3% in 2022
Finance Minister Tengku Zafrul Aziz says economic growth is expected to accelerate in the third quarter of the year.
Economy up 8.9% in Q2 2022
On a quarter-on-quarter seasonally adjusted basis, the economy increased by 3.5% as compared to 3.8% in Q1 2022.
Malaysia can’t keep increasing debt level, finance minister says
Tengku Zafrul Aziz says Malaysia’s ratio of debt service payments to revenue is expected to exceed 18%.
IMF optimistic Malaysia’s economy will expand 5.75% in 2022
This is in line with the government's growth projection of between 5.3% and 6.3% for 2022.
Malaysia sees 5% GDP growth in first quarter of 2022
The services and manufacturing sectors continued to drive economic growth, expanding by 6.5% and 6.6% respectively.
South Korea’s GDP growth climbs to 11-year high, but recovery uneven
Jobs are still vanishing across manufacturing and service sectors, a reminder that liberal President Moon Jae-in's promises to boost employment have not materialised.
Use emergency period for social reforms, economists say
They say it is time for 'comprehensive and brutal reforms'.
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