AGP Executive Report
Last update: 9 hours agoEconomic Policy: Robert E. Hall and Michael Woodford won the 2026 economics Nobel for research underpinning models central banks and governments use to steady economies through shocks. Industrial Strategy: India’s draft steel policy targets 604 million tonnes of annual capacity and 505 million tonnes of demand by 2047, aiming to cut import dependence and emissions. Trade: China and the EU reached a deal on hybrid and electric vehicle trade, easing tensions; Cambodia’s trade with the two blocs rose 16% to $19.29 billion in the first nine months of 2026. Growth Risks: Malaysia plans to diversify exports and strengthen domestic supply chains to reduce reliance on semiconductors. Jobs and Technology: IMF chief Kristalina Georgieva warned AI could reshape or displace 40% of jobs over time and widen Asia’s economic divide without worker training. Financial Stability: Sri Lanka’s central bank flagged rising exposure to vehicle and gold-backed loans, now 24.9% of financial-sector credit, and has set targeted controls.
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