MIDF Research has maintained its 2023 gross domestic product (GDP) growth forecast for Malaysia at 4.2%, with further moderation in the third quarter of calendar year 2023 (3QCY2023).

President Christine Lagarde said the European Central Bank (ECB) will set borrowing costs as high as needed, and leave them there for as long as it takes to bring inflation back to its goal.

US trade has shifted away from China due to policies enacted by the Biden and Trump administrations, but US reliance on China-linked supply chains has not necessarily been reduced and consumers have faced higher costs, according to new research presented on Saturday (Aug 26) at a Federal Reserve economic symposium.

Profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month with weak demand squeezing companies as a post-pandemic recovery faltered in the world's second-biggest economy.

China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.