Choppier growth for Asia in 2016: Nomura
Malaysia's growth is seen moderating to 4% in 2016 with a further 4.5% downside to the ringgit
Kuala Lumpur
GLOBAL banking group Nomura is projecting even choppier growth in Asia ex-Japan next year with GDP (gross domestic product) expansion slowing further to a forecast 5.7 per cent as it faces structural headwinds especially those emanating from China's economic slowdown.
Malaysia's growth is seen moderating to 4 per cent in 2016 with a further 4.5 per cent downside to the ringgit (reaching 4.40 from about 4.20 at present).
Nomura is also projecting a US Federal Reserve interest rate hike "by next week, and two more by next year", its global head of equity strategy, Michael Kurtz, said at an Asia 2016 outlook briefing in Kuala Lumpur on Thursday. Over the next…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year
Decarbonisation schemes are generating hot air
BOJ will hike rates if trend inflation accelerates, says Ueda
India tells spice makers to give details of quality checks after Hong Kong allegations