NEW DELHI: Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the Covid-19 pandemic but demand is expected to rise in 2021-22 from a weak base, according to India Ratings and Research.
The agency expects the residential real estate sector to stage a sharp K-shaped recovery in the next financial year. The overall floor space sold is likely to increase by 30 per cent YoY (year-on-year) in FY22 after a 34 per cent YoY decline in FY21, it said in a statement.
The agency emphasised that the overall sales in FY22 could still be around 14 per cent below FY20 level.
Monday, 08 Mar 2021 12:13 PM MYT
BY SOO WERN JUN
On March 4, BNM retained its Overnight Policy Rate at 1.75 per cent and said it expects economic recovery from the second quarter of 2021 onwards. Picture by Yusof Mat Isa
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KUALA LUMPUR, March 8 Bank Negara Malaysia (BNM) is likely to cut its key policy rate by another 25 basis points (bps) to 1.50 per cent by the end of this year, Fitch Solutions Country Risk and Industry Research said today.
The Fitch Group unit said it expects the central bank to do so as the next step to support Malaysia’s economy after the battering caused by the prolonged third-wave of Covid-19 infections that continue to drive daily cases in the four-digit zone and forced the government to bring back the movement control order (MCO) in January.
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08/03/2021 17:42 GMT+7
In defiance of the health crisis hurting the domestic economy, Vietnam has earned international optimitism for its growth outlook on the back of the country’s good control of COVID-19 leading to impressively positive growth last year.
Vietnam has been one of the best-performing global economies for the past 10 years. Photo: Le Toan/VIR
In December and January, when the country began to be hit by a resurgence of COVID-19, a team of specialists from the ASEAN+3 Macroeconomic Research Office (AMRO), a regional macroeconomic surveillance organisation based in Singapore, held a virtual annual consultation with Vietnamese authorities.
In defiance of the health crisis hurting the domestic economy, Vietnam has earned international optimitism for its growth outlook on the back of the country’s good control of COVID-19 leading to impressively positive growth last year and a friendly business climate
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