Thailand's economy grew at its slowest pace in five years in the fourth quarter, dragged down by lower government spending and exports despite relatively steady private consumption. Gross domestic product expanded 1.6% in the October-December quarter from a year earlier, compared with the 2.6% growth in the previous three months, the Office of the National Economic and Social Development Council, the government's economic-planning arm, said Monday. That fell short of the...
New Zealand Prime Minister Jacinda Ardern said on Monday that the country's gross domestic product is expected to slow to around 2% to 2.5% this year, due to the economic impact of the coronavirus epidemic. Ardern said the forecasts were from the treasury which had previously predicted a GDP growth of 2.2% to 2.8%. She said the impact will be seen in the first two quarters of the year.
BEIJING--China's home-price growth in January was at an 18- month low as a years-long tightening of the property market met with effects from the coronavirus outbreak, which has brought the world's second-largest economy to a near standstill. The average price of new homes increased 6.45% on year in January, slowing from a 6.81% increase in December, according to calculations by The Wall Street Journal based on data released Monday by the National Bureau of Statistics.
BEIJING--China attracted $12.68 billion of foreign direct investment in January, up 2.2% from a year earlier, the Ministry of Commerce said Monday. In January, investment from South Korea and Japan jumped 157.1% and 50.2% on year, respectively, the ministry said. (END) Dow Jones Newswires 02-16-20 2149 ET Copyright (c) 2020 Dow Jones& Company, Inc..
* Jan new home prices grow 0.2% m/m vs 0.3% in Dec. * Jan annual new home prices expand 6.3% vs 6.6% in Dec. * 47 out of 70 cities reported higher prices vs 50 in Dec. * Coronavirus impact yet to be fully reflected - analyst. By Yawen Chen and Se Young Lee.
New home prices in China rose 0.2% in January from a month earlier, easing from a 0.3% increase in December, Reuters calculated from official data on Monday, as a coronavirus outbreak brought the country's property market to a halt.
* Feb manufacturers' sentiment index -5 vs Jan -6. * Service-sector index +15 in Feb vs Jan +14. * Manufacturers, service-sector mood seen flat ahead. * Reuters Tankan closely correlates with BOJ tankan. By Tetsushi Kajimoto.
SINGAPORE--Singapore's non-oil exports fell in January, mainly due to declines in electronic and non-electronics exports. Exports of goods made in Singapore dropped 3.3% in January compared with a year earlier, after growing 2.4% in the preceding month, Enterprise Singapore said Monday. The median estimate of eight economists in a Wall Street Journal poll was for a 3.5% contraction in exports in January from a year earlier.
Singapore's economy could contract this year due to the impact from the coronavirus outbreak on the export-dependent country. The government said Monday economic growth is forecast at -0.5% to +1.5% in 2020, compared with its prior estimate of +0.5% to +2.5%. Growth for this year is expected to come in at around 0.5%.
Japanese Economy Minister Yasutoshi Nishimura said on Monday the government was ready to take all necessary steps flexibly with an eye on the impact of the coronavirus outbreak on the economy and tourism. "The government had hoped Japan's economy would continue a moderate recovery.
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