31 Oct '12, 4am

Data from Taiwan, S. Korea, Singapore signal Asia slowdown may be easing

Data from Taiwan, S. Korea, Singapore signal Asia slowdown may be easing

The worst of the declines in Asia- Pacific economies may be moderating, as Taiwan resumed growth last quarter, South Korean production climbed for the first time in four months and Singapore’s jobless rate fell. Gross domestic product in Taiwan grew 1.02 percent from a year earlier, after a 0.18 percent decline the previous quarter, a report showed today. South Korea ’s industrial output rose 0.8 percent last month from August on stronger car and electronics sales, while Singapore’s unemployment rate eased to 1.9 percent, the lowest since the first quarter of 2011. China’s economy has shown signs of rebounding this quarter, boosting the outlook for the region’s exports. While Asian stocks rose today, the recovery in growth may be constrained by Japan ’s persistent slump and limited expansions in the U.S. and Europe , sustaining pressure for policy stimulus in some Asia- Pa...

Full article: http://www.bloomberg.com/news/2012-10-31/taiwan-economy-r...

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