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Asia Weekly

Asia Off to a Roaring Start in 2011

EXECUTIVE SUMMARY

Hong Kong’s GDP growth picked up nicely in Q4 2010 as investment bounced back and tourist inflows pushed up retail sales. Inflation in Singapore looks to have eased in January, while industrial production continued to gather pace, led by nonelectronics manufacturing. Meanwhile, Japan’s industrial production benefited from the early Lunar New Year and strong Asian demand. Flooding in Australia helped to boost Philippine commodity exports in December, offsetting a modest decline in electronics exports.

Hong Kong’s GDP Shows Strong Momentum in Q4

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