Are Stimulus Benefits Showing Up in Asia?

Singapore looks set to emerge out of recession on the back of stronger manufacturing numbers. Meanwhile stronger manufacturing numbers (growth) have been coming out of some other Asian nations such as China, India, and South Korea. While some in the US argue whether stimulus is having any effect on the economy... perhaps global stimulus is at least buoying Asia.

Singapore’s economy probably expanded for the first time in five quarters as a rebound in manufacturing helped the Southeast Asian nation emerge from its worst recession since independence in 1965....

Singapore and other economies in the region are forecast to report better second-quarter figures as about $2 trillion in stimulus worldwide helps stabilize overseas sales for companies including Japan’s Nissan Motor Co. (NSANY) and South Korea’s Samsung Electronics Co. (SSNLF.PK). The International Monetary Fund last week increased its forecast for emerging Asia’s growth in 2009.