Singapore Q2 GDP likely revised higher on stronger factory output

By Fathin Ungku SINGAPORE, Aug 10 : Singapore’s economy is expected to have edged higher than initially expected in the second quarter thanks to a surge in factory activity, a Reuters poll found on Friday. From the year earlier, Singapore’s second quarter final gross domestic product (GDP) was forecast to expand 4.1 percent, up from […]

Japan’s economy rebounds on brisk spending but trade rifts cloud outlook

By Stanley White and Leika Kihara TOKYO, Aug 10 : Japan’s economy grew more than expected in the second quarter, helped by strong household and business spending and recovering from an earlier contraction, but global trade tensions loom as major risks to the export and investment outlook. The rebound in consumer spending is a welcome […]

Philippine Q2 GDP growth slowest in 3 years, puts in tight spot

By Karen Lema and Neil Jerome Morales MANILA, Aug 9 : Philippine economic growth unexpectedly slipped to near three-year lows of 6.0 percent in the second quarter, putting at risk the government’s full-year goal and adding to the challenge for the central bank’s rate hike plans as its board meets to review policy later in […]

Slowing Malaysian economy poses challenge for Mahathir government

By Joseph Sipalan KUALA LUMPUR, May 17 : Malaysia’s annual economic growth slowed to 5.4 percent in the first quarter of 2018, leaving the country’s new government with the task of turning around an economy that has decelerated for two consecutive quarters. Releasing the latest gross domestic product data on Thursday, the central bank said […]

South African Q4 GDP grows above forecasts as rating decision nears

By Mfuneko Toyana PRETORIA, March 6 : South Africa’s economy grew more than expected at the end of last year as agriculture and trade recovered, data showed on Tuesday, boosting its chances of avoiding a potentially debilitating credit ratings downgrade. The easing of a drought boosted the above-forecast rise in GDP in the fourth quarter. […]

Japan’s Q3 growth twice as fast as first estimated, outlook brightens

By Stanley White TOKYO, Dec 8 : Japan’s economy grew twice as fast as originally estimated in the third quarter thanks to big gains in capital expenditure, revised data showed on Friday, with expansion seen to continue thanks to buoyant exports. The economy grew an annualised 2.5 percent in July-September, handily beating the preliminary reading […]