Feb 10, 2011
5:10:00 PM
| Last Updated
EXECUTIVE SUMMARY
Food prices boosted inflation in China and India, whereas a stronger currency slowed inflation in Malaysia. Japan’s Q4 GDP contracted as fiscal stimulus withdrawal weighed on consumption, while nonelectronic products boosted Singapore’s exports in January.
End of Subsidies Temporarily Saps Japanese Growth
After a stellar Q3, Japan’s GDP likely contracted in Q4 2010 as government subsidies that had propped up consumer spending expired. Seasonally adjusted real GDP likely shrank 1.7% q/q (an annualized contraction of 6.6%) yet remained 1.8% higher than a year[...]
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