SINGAPORE (March 13): The brighter economic outlook for Asia this year is set to contrast with 2016’s more sobering expectations due to positive signals from several key metrics so far, says UOB in a Monday flash note.

Asian economies have generally reported a stable set of 4Q16 and 2016 GDP numbers with Singapore and India being welcomed surprises, resulting in analysts upgrading the 2017 outlook for these two economies.

China’s economy also continued to show its resilience despite slightly smaller growth targets set by the authorities from 6.5-7% in 2016 to 6.5% this year.

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