myiris-Standard & Poor’s (S&P) is expecting India Gross Domestic Product (GDP) growing at 6% in 2013. While it has revised China GDP to 7.9%, Hong Kong to 3%, Japan to 0.6%, South Korea to 2.8%, Singapore to 1.9%, Thailand to 4.2%, and Vietnam to 5.3%.
”An upward revision has been made to Malaysia, which is now 5.5%; Philippines, 5.9%; and Taiwan, 3.8% reflecting the ongoing strength of those economies. Our revised base case outlook for Asia Pacific is that growth in most of the region will hold steady or pick up slightly into 2014. Asia Pacific continues to record strong real GDP growth relative to other regions, activity indicators in early 2013 suggest that the rebound that began in the second half of 2012 has lost some traction.”
”Notwithstanding Asia Pacific’s economic performance relative to other regions, the fortunes of the region’s economies (developed and emerging) are still vulnerable to: any deepening of the economic (or political) crisis in the eurozone; a slowdown in US growth and ongoing fiscal management, and any slowdown in China’s economy.”