The Philippines and Indonesia will probably refrain from monetary tightening to protect their economies from a regional growth slowdown that’s sparked capital outflows and driven down stocks and currencies.
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.
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 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.
Thailand may cut interest rates for the second consecutive meeting to help spur a recovery from the worst floods in almost 70 years and as a deteriorating global economy threatens growth.
The Bank of Korea unexpectedly left its benchmark interest rate unchanged, a sign of concern that slowing external demand will hurt exports in Asia’s fourth- biggest economy.
Hong Kong’s economy expanded 8.2 percent in the first quarter, the fastest pace in four years, as exports and retail spending rebounded from the global crisis.
Hong Kong’s export growth exceeded 20 percent for a third month even as Japan’s earthquake clouds the outlook for demand within Asia.
Hong Kong’s consumer prices rose at the fastest pace in 30 months in February as food and rental costs increased.