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S. Korea increases 2013 GDP growth to 3.0%

South Korea's economy expanded 3.0 percent last, the central bank said Wednesday, better than a previous estimate as it was boosted by robust exports and growth in the manufacturing sector. The revised figure for gross domestic product (GDP) -- the broadest measure of economic performance -- was higher than the 2.8 percent earlier stated and marked the fastest expansion since the 3.7 percent seen in 2011. However, the Bank of Korea also revised down its fourth quarter growth to 3.7 percent year on year, from a earlier estimate of 3.9 percent.

India clocks tepid 4.7% growth in Oct-Dec quarter

India's economy grew by a sluggish 4.7 percent in the last quarter of 2013, data showed Friday, marking more bad news for the ruling Congress party ahead of looming elections. The 4.7 percent year-on-year expansion in the three months to December undershot market forecasts of around five percent growth and reflected high interest rates that have crimped investment and consumer spending. No immediate improvement was seen on the horizon for growth in the gross domestic product (GDP) of Asia's third-largest economy.

India clocks tepid 4.7% growth in Oct-Dec quarter

India's economy grew by a sluggish 4.7 percent in the last quarter of 2013, data showed Friday, marking more bad news for the ruling Congress party ahead of looming elections. The 4.7 percent year-on-year expansion in the three months to December undershot market forecasts of around five percent growth and reflected high interest rates that have crimped investment and consumer spending. No immediate improvement was seen on the horizon for growth in the gross domestic product (GDP) of Asia's third-largest economy.

Korea's import prices fall for 15th month in Nov.

SEOUL, Dec. 11 (Yonhap) -- South Korea's import prices declined for the 15th straight month in November as oil prices fell and the local currency gained against the U.S. dollar, the central bank said Wednesday. In local currency terms, the country's import prices declined 4.9 percent in November from a year earlier, smaller than the 7.3 percent on-year fall in October, according to the Bank of Korea (BOK). It marked the 15th consecutive month of on-year declines in import prices since September last year when such prices dipped 2.2 percent on-year.

Rural India shows signs of economic revival but wider outlook glum

By Rajendra Jadhav and Rajesh Kumar Singh NEW DELHI/SHIRDHON, India (Reuters) - Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbors eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest. "Unlike last year, there wasn't any shortage of water this year," Ghorpade said. "My earnings are likely to rise from sugar cane and ginger crops that have grown vigorously."

Malaysian economy picks up steam unexpectedly

Malaysia's economy grew at a better-than-expected 5.0 percent on year in the third quarter fuelled by robust domestic demand and an improvement in exports, the central bank said Friday. The economy expanded 4.4 percent in the second quarter. The services and construction sectors were the key drivers on the supply side while private and public consumption led the demand side, the central bank said. "The gradual recovery in the external sector will support growth," Zeti Akhtar Aziz, central bank governor was quoted as saying by Dow Jones newswire.

China trade performance improves on stronger exports

China's trade performance was better than expected in August, as stronger exports to recovering overseas economies caused the trade surplus to widen to $28.5 billion, customs figures showed Sunday. Improved exports, a key driver of growth for China, are a positive sign for the world's second largest economy, which has struggled since early this year, analysts said. The trade surplus rose 8.4 percent from the same month last year, customs said in a statement on its website, revising figures given earlier on Sunday. The surplus also widened from $17.8 billion in July.

China trade performance improves on stronger exports

China's trade performance was better than expected in August, as stronger exports to recovering overseas economies caused the trade surplus to widen to $28.6 billion, customs figures showed Sunday. Improved exports, a key driver of growth for China, are a positive sign for the world's second largest economy which has struggled since early this year, analysts said. The trade surplus rose 8.3 percent from the same month last year and also widened from $17.8 billion in July, according to customs figures.

Robust auto sales keep economy on steady growth path

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy appears to be faring better in the third quarter than analysts had feared with automakers reporting surprisingly strong August sales on Wednesday, helping to buoy expectations of a pullback in monetary stimulus ahead. In another report, the Federal Reserve said strong demand for autos helped keep the economy on a "modest to moderate" growth path in recent weeks, an assessment that leaves the door open for a reduction in the central bank's bond purchases.

The Dragon Whimpers: China's exports down 3.1 percent in June

China's exports decreased 3.1 percent on the year in June, according to figures released Wednesday. A spokesman attributed the slump in foreign trade to weak global demand, a rising yuan, higher labor costs, various trade friction and faltering domestic demand.
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