Asia Exports Slowdown Adds Pressure for Growth Measures
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An Asian export slump exacerbated by Europe’s sovereign-debt crisis and an uneven recovery in the U.S. is putting pressure on policy makers to pledge stimulus measures to boost growth.
China’s exports rose less than estimated in April, while Philippine shipments unexpectedly fell in March, reports showed. Malaysia said today industrial production expanded in March at less than a fifth the pace economists predicted, a day after a report showed exports fell for the first time since 2009. Downside growth risks remain “significant,” the Bank of Korea said today as it held interest rates for an 11th meeting.