>Econ (CITI)

Asia Economic Outlook and Strategy

Asia’s Disturbing GDP Trends

# Asian GDP growth rates have been falling faster
than expected, alongside steeper dipping of the
U.S. economy

# Production and export data also generally
surprised on the downside, prompting recession
concerns in the region

# We have downgraded our GDP forecasts this
month for China, Hong Kong, India, Korea,
Malaysia and Taiwan

# Deflation risks have become real in much of the
region

# We like receiving rates in Thailand and Singapore
and remaining long USD/Asian FX generally

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