Thailand probably will cut its benchmark interest rate for a second straight meeting next week as protests to oust Prime Minister Yingluck Shinawatra’s government crimp economic growth.
Hong Kong’s jobless rate fell to the lowest level since December 2008, encouraging consumers to spend and aiding the city’s recovery.
Hong Kong’s unemployment rate fell to the lowest level since September 2008, encouraging consumer spending and aiding the city’s economic expansion.
Hong Kong Financial Secretary John Tsang may expand handouts and increase land supply in tomorrow’s budget after rising inflation and real-estate prices spurred lawmakers to demand relief measures.
Hong Kong’s unemployment rate held close to a two-year low, supporting economic growth and retail spending in the city.
Hong Kong’s retail sales rose 18.5 percent in December from a year earlier, after unemployment fell and more tourists arrived from China.
South Korea’s economy expanded less than analysts forecast in the fourth quarter as gains in the won, Asia’s best performing currency of the past six months, threaten to restrain exports in 2013.
South Korea’s industrial production grew faster than estimated in July, logging the 13th straight monthly gain as the nation’s exports withstood global risks.
Hong Kong’s retail sales rose a more- than-forecast 26 percent in March from a year earlier on reduced unemployment and increased tourist numbers.
China’s central bank will likely need to increase interest rates further in coming months as the three moves since mid-October leave household wealth being eroded by accelerating inflation.