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Media Coverage

Spire's six most recent media appearances.

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Asian economic outlook

10 April 2013
Channel NewsAsia – Asia Connect

Asian economic outlook

China experienced its worst trade deficit in years, but its positive inflation figures may help to stabilize growth. Meanwhile, tensions in the Korean Peninsula may be no cause for alarm as yet, but the declining Japanese Yen has affected the export market in three key sectors in Korea. Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his views on Channel NewsAsia – Asia Connect.

China registered its worst monthly trade deficit of USD880 million in six years, due to weaknesses in the global economy and a cyclical upswing in inventory stocking. Leon Perera, Chief Executive Officer of Spire Research and Consulting, opined that the government will play a strong role in calibrating both bank loan growth and infrastructure expenditure to compensate for export slowdowns.

Meanwhile, the escalating tension in Korean Peninsula does not seem to have any substantial impact on the economy. Though stock prices experienced a brief dip, they quickly inched back up again – indicating that the market is not overly concerned about the tension.

At the same time, Perera discussed how the depreciating Japanese Yen would affect Korean exports in three key sectors in South Korea, namely automotive, machinery and industrial engineering, as well as information and communications technology (ICT).

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