GDP growth in Asia to ease in 2011 to a decent 7.2%

And Singapore is one of the six Asian economies which reported 2Q GDP registered sequential

contraction in growth.

According to UBS, leading indicators suggest that Asia has recently hit a soft patch

Here’s more from UBS:

What the numbers say: Three out of the six Asian economies that have reported 2Q GDP registered sequential contraction in growth. They are Hong Kong, Singapore and Taiwan, which are some of the most open economies in Asia. The only comfort is China’s tronger-than-expected 2Q11 GDP, which eases concern of a hard landing for now.

What they mean: GDP is the broadest measure of economic activity. It is strongly correlated with the profit cycle and provides important clues about inflation and the direction of policy. Strong GDP often suggests policy will tighten; weak GDP implies a policy bias for pro-growth.

12-month outlook: Leading indicators suggest that Asia has recently hit a soft patch; but the soft patch is likely to prove temporary. As we see no hard landing in China or the global economy, we continue to expect Asia ex Japan growth to ease in 2011, but to a still decent 7.2% (from 9.1% in 2010).

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit