Reported about 1 year ago
S&P's Asia-Pacific Economic Outlook for the third quarter of 2024 highlights improved GDP growth for Taiwan, South Korea, and Singapore due to the region's mainly export-oriented economies showing signs of enhancement. However, delays in the US policy rate cut have prompted Asian central banks to take actions to protect their currencies, such as raising interest rates. Despite the easing effect of monetary policies taking time to manifest, there are positive factors like the potential Fed rate cut by year-end, benefiting Asia-Pacific exports and growth.
Source: YAHOO