“East Asian countries are poised to report gross domestic product data that may mark the bottom of the region’s slowdown, as signs of a recovery in China and the U.S. herald a revival in demand for exports.
Hong Kong’s GDP probably rose last quarter after declining the previous three months, according to a Bloomberg survey before a report tomorrow. Expansion in Malaysia and Thailand may have eased while Singapore’s contraction was probably worse than initially estimated, separate surveys showed. Regional growth will probably recover this quarter, Moody’s Analytics, Citigroup Inc., and Australia & New Zealand Banking Group predict.
“Across Asia, the business cycle likely reached its trough, with many economies reporting the worst growth in the third quarter,” said Glenn Levine, an economist at Moody’s Analytics in Sydney. “Stimulus measures are starting to boost Chinese demand and the recovery slowly coming into fruition in the U.S. means 2013 will be a better year for most of the region.” ”
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