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BEIJING: China will keep its target for economic growth at “around 6.5%” in 2018, unchanged from last year, policy sources told Reuters, as it seeks to balance efforts to reduce debt risks while keeping the world’s second-largest economy stable.
JAKARTA: Indonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The nation’s stocks and currency rallied.
IN the wake of weaker business conditions and consumer sentiment, coupled with a decline in manufacturing data, there are concerns that Malaysia’s recent strong economic growth may not be sustained.
KUALA LUMPUR: Stronger total exports and investments are expected to be Malaysia’s key economic drivers in 2018, according to Maybank Kim Eng senior economist Dr Chua Hak Bin. He projects the country to register a gross domestic product (GDP) growth of 5.3% next year, in line with global economic recovery.
SYDNEY: Asian shares scaled a fresh decade peak on Wednesday thanks to surging markets in Europe and America, as strong global growth and rising corporate profits lured hordes of investors into equities
WASHINGTON: The White House promoted president Donald Trump’s tax cut plan last Friday with a forecast of faster US economic expansion and wage growth, as independent analysts said the plan would swell the budget deficit and provide little spark to the economy.