AGP Executive Report
Last update: 9 hours agoSri Lanka’s Investment Push: More than 800 delegates gathered at the country’s annual economic summit as officials sought to turn restored stability into investment and sustained growth. The government is targeting a digital economy worth 12% of GDP by 2030, but gaps in public digital services and talent migration remain hurdles. Trade and Supply Chains: Malaysia warned that disruption in the South China Sea could threaten supply chains and economic stability; more than 96% of its international trade moves by sea. Germany is also backing tougher EU trade defenses against China, a shift driven by concerns about the cost of inaction for German industry. Developing Economies: G24 chair Taiwo Oyedele said developing countries face about $500 billion more in debt-servicing costs than advanced economies, squeezing funds for growth and jobs. Global Outlook: The IMF sees world growth slowing to 3.1% in 2026, with war-related energy shocks, debt and financial-market risks weighing on prospects. Nigeria: The Fund raised its 2026 growth forecast to 4.2%, while warning that higher prices for essentials could deepen pressure on households. Inflation: An Indian economist said severe El Niño conditions and costly crude could keep food and fuel inflation elevated, though September’s reading was broadly in line with expectations.
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