AGP Executive Report
Last update: 7 hours agoTrade: Canada and the UAE signed a free-trade deal after 47 days of talks, as Ottawa seeks new markets; Canada-U.S. negotiations, meanwhile, have made “limited progress.” Growth: South Korea’s economy grew 1% in the third quarter, lifted by semiconductor exports, while India’s growth is expected to lose momentum. Rates: Pakistan raised its policy rate by 0.5 percentage points to 12% amid inflation and oil-price risks. Textile exporters and builders warn higher borrowing costs could curb investment and competitiveness. UK Budget: Two-thirds of Britons expect the economy to worsen, and 70% anticipate tax increases ahead of Wednesday’s budget. Investment: Australia conditionally approved $180 million for a rare-earths and mineral-sands mine in western Victoria, adding to $360 million committed to the project. Fiji Outlook: The World Bank expects growth to slow to 2.1% in 2026 and warns rising debt and fuel costs are squeezing the government’s room to respond to shocks.
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