Pakistan

Moody’s has upgraded Pakistan’s banking sector outlook to stable from negative, citing robust profitability and liquidity. The assessment highlights significant government securities holdings, constituting 51% of total assets and exposing banks to sovereign credit risks. Despite ongoing debt restructuring concerns, Moody’s anticipates modest economic growth of 2% and a decrease in inflation to approximately 23% in 2024 for Pakistan.Thailand’s consumer confidence has risen for seven consecutive months, driven by economic stimulus, energy subsidies, and increased foreign tourists amid visa relaxations. Analysts predict a revival in growth starting April, projecting a 2% GDP increase in Q1 and 2.5%-3% in Q2, with an overall 3.2% growth expected for 2024.