Latest news with #FiscalStimulus
Reuters
12-05-2025
- Business
- Reuters
JPMorgan lifts China growth forecasts after 'surprisingly positive' US deal
LONDON, May 12 (Reuters) - Investment bank JPMorgan lifted its forecasts for China's economic growth on Monday following what it called a "surprisingly positive" deal with the United States to dial down the two countries' trade war. The U.S. will cut extra tariffs it imposed on Chinese imports in April to 30% from 145%, while Chinese duties on U.S. imports will fall to 10% from 125%. The new measures are effective for 90 days. "The magnitude of the temporary tariff reduction is larger than expected," analysts at the U.S. bank said in a note which singled out the replacement of the 34% "reciprocal" U.S. tariff on China with the 10% "universal" tariff that other countries also face as "surprisingly positive". They estimated that as long as the new lower tariff rates are maintained for the rest of the year, China's full-year GDP growth rate would hit 4.8% compared to the bank's previous forecast of 4.1%. "We no longer expect the (Chinese) government to introduce additional fiscal stimulus later this year," they also added.
Malay Mail
08-05-2025
- Business
- Malay Mail
Bank Negara holds OPR at 3pc, flags resilient growth outlook
KUALA LUMPUR, May 8 — Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) has maintained the overnight policy rate (OPR) at 3.0 per cent. BNM said the latest indicators point towards continued global growth and trade, supported by domestic demand and front-loading activities. It also said the global growth outlook would remain supported by positive labour market conditions, less restrictive monetary policy and fiscal stimulus. — Bernama
