Resilient

• Moody's raised India's GDP growth forecast for the 2026-27 fiscal year to 7% from a previous estimate of 6%. • This revised projection is driven by robust investment and strong private consumption, surpassing forecasts from the IMF and S&P Global Ratings. • Higher growth expectations signal a resilient economy, though elevated energy prices and El Niño weather disruptions pose risks to this outlook.

• The Philippine economy faced a series of systemic shocks over the past year, including domestic corruption and global geopolitical instability. • A flood control corruption scandal restricted state spending while overseas conflicts triggered a global energy shock that increased domestic prices. • These events highlight structural vulnerabilities that threaten the long-term resilience of the national economy.

• Moody's reported that Southeast Asian economic growth remains resilient as the artificial intelligence boom offsets various regional risks. • A specific carve-out for semiconductor chips currently protects tech exporters in Singapore, Malaysia, and Vietnam from higher effective tariff rates. • This protection provides a critical buffer for regional trade markets, though the report warns these exemptions could soon be removed.

Despite falls in some parts of the market, prices are showing signs of stabilising as investors exit and first-time buyers move in, analysts sayGet our breaking news email, free app or daily news podcastHigh-end homes are recording steep price falls, while more affordable properties are proving resilient, leaving Australians to experience the market downturn in very different ways, new data shows.Upper-quartile house values in the country’s two biggest markets, Sydney and Melbourne, are now down more than 10% from their peaks, according to analysis from Cotality. Continue reading...

• The euro area economy maintained growth levels close to its potential despite a sharp increase in energy prices. • Conflict in Iran drove up consumer prices and increased operational costs for companies across the region. • This resilience suggests that the broader European market can withstand external energy shocks better than previously anticipated.

• The eurozone economy has demonstrated unexpected resilience, weathering a significant energy shock more effectively than analysts had previously anticipated. • Current data suggests that the region is avoiding a severe downturn, with moderate economic growth expected to persist in the near term. • This stability is critical as it indicates the region's ability to adapt to volatile energy markets and maintain industrial output.

• Singapore has increased its 2026 economic growth forecast to 4.5%-5.5%, up from the previous estimate of 2.0%-4.0%. • This upward revision follows a strong Q2 performance where the economy grew 5.9% year-on-year. • The growth is primarily driven by a surge in AI-related investments and a more resilient global economy despite conflicts in the Middle East.

• Analysts maintain a broadly positive outlook for the global economy in the second half of 2026, despite noting a significant accumulation of risks. • Taiwan, Malaysia, and Singapore are expected to outperform consensus expectations, and India's outlook is improving, while caution remains for Indonesia and Thailand. • Inflation in Asia will likely be driven by oil prices and El Niño's impact on food costs, leading to divergent monetary policy paths across the region.

• Singapore advanced to the ASEAN Hyundai Cup™ 2026 semi-finals following a resilient 1-1 draw against Indonesia, earning praise from coach Gavin Lee. • In other group stage action, Malaysia secured a 1-0 victory over the Philippines via a Pavithran Gunalan header, setting up a semi-final clash with defending champions Vietnam. • Thailand finished first in Group B after a 2-0 win over Myanmar, driven by penalties from Worachit Kanitsribumphen and Jehhanafee Mamah to mark their fourth consecutive victory.

• European equity markets have maintained growth and resilience following a strong performance in 2025, according to recent analyst reports. • The market's stability persists despite significant headwinds, including acute exposure to geopolitical shocks and ongoing macroeconomic challenges. • Analysts highlight that this growth is particularly notable given the region's relative lack of high-growth AI stocks compared to other global markets.

• On July 22, 2026, the Indian stock market experienced its sharpest single-day drop in two weeks, with the Sensex falling 715 points and the Nifty slipping below 24,000. • The decline was driven by escalating Middle East tensions, which pushed Brent crude prices above $95 a barrel and sparked fears regarding inflation and economic growth. • While media and realty sectors dragged the indices down, FMCG and auto stocks remained resilient during the volatility.

• Foreign Direct Investment (FDI) in India has reached a five-year high, driven by strong capital inflows and resilient domestic demand despite global trade headwinds. • The services sector emerged as the primary growth engine with a 10% expansion, followed by industry growth of 7.3% and a more subdued 3.6% increase in agriculture. • This surge is significant as robust investment momentum and gross capital formation are currently offsetting global economic uncertainties and inflation.

• The text examines the dual role of the Supreme Court, balancing its legal duty to interpret the Constitution with the political necessity of ensuring powerful leaders abide by its rulings. • It addresses criticisms from those who believe the Court should have more aggressively constrained presidential power, questioning if forceful pushback would have been more effective. • Scholars Curtis Bradley and Neil Siegel are cited to support the argument that the Court's resilience depends on its ability to navigate political realities.

• European cinemas generated nearly €6.9 billion in box-office revenue in 2025, demonstrating financial resilience despite an overall decline in admissions. • Local productions remained a critical driver for sustaining theater attendance across multiple European territories, according to a report by UNIC. • The industry continues to evolve through strategic events like the Sorrento Industry Days and the CinemaHora Forum in Moldova to support new filmmakers.

• Researchers at Liberty Street Economics analyzed the resilience of emerging market economies (EMEs) during the U.S. monetary tightening cycle of 2022-23. • The study found that EMEs generally performed better in financial markets than predictive models suggested, with "more vulnerable" economies showing the most significant outperformance. • Economic activity results were mixed: vulnerable economies exceeded expectations, while less vulnerable economies performed worse than predicted.

• The UK stock market showed mixed performance as the FTSE 100 dipped from recent highs, while the FTSE 250 and FTSE 350 remained resilient. • Market movements were driven by a combination of declining oil prices, an uptick in consumer confidence, and ongoing diplomatic developments between the US and Iran. • This volatility reflects investor uncertainty as they balance macroeconomic signals and geopolitical tensions affecting global trade.

• Moody's has identified India as one of the most resilient economies globally, demonstrating strong market stability through recent international financial disruptions without significant capital market access constraints. • The rating agency noted that India maintained limited and short-lived movements in sovereign credit spreads, contained currency depreciation, and stable bond yield volatility during episodes of global stress. • India's central bank and institutional framework successfully anchored investor confidence and smoothed currency volatility, setting it apart from weaker peer economies facing similar external pressures.

• Initial jobless claims totaled 285,000 for the week ending April 5, slightly above expectations but remaining within the normal range, signaling continued labor market strength despite economic headwinds. • The four-week moving average for claims declined to 268,000, suggesting underlying labor market conditions remain robust with minimal layoff activity across major sectors. • Economists noted that while the labor market continues to generate positive employment data, wage growth pressures persist, complicating the Federal Reserve's inflation-fighting efforts.