A bruised dollar was nudged lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month's end.
BMI, a Fitch Solutions company, has held a positive outlook for consumer spending in Malaysia over the rest of 2023, as the economic recovery feeds through into strong real consumer spending growth over the full year.
Malaysia’s economic growth is projected to hit 4.2 per cent in 2023, an expected moderation after registering a strong growth of 8.7 per cent last year, said the Asean+3 Macroeconomic Research Office (Amro).
A key measure of British wages rose at the joint fastest pace on record but official data also showed signs that the inflationary heat in the labour market is cooling, offering the prospect of relief for the Bank of England.
More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday.
Japan's wholesale inflation slowed for a sixth straight month in June due to sliding fuel and commodity prices, data showed on Wednesday, a sign the cost-push pressure that drove up consumer prices is steadily easing.