Singapore’s industrial production unexpectedly declined in November, adding to evidence of a weakening Asian outlook that prompted Fitch Ratings to cut its growth forecasts for the region.
The island’s output fell for the first time in six months, putting pressure on policy makers to support growth even as a separate report showed inflation accelerated in November. Emerging Asia will expand 6.8 percent in 2012, Fitch said in a report distributed today, less than its June forecast of 7.4 percent. Full story
