After an improvement in Chinese economy and the improved confidence in Eurozone economy, NIEs indicators began to show a sign of recovery in the beginning of the fourth quarter of 2012. Particularly, electrical appliances and electronics industry were seen to improve with respect to exports and production aspects. Therefore, South Korea, Taiwan, Hong Kong, and Singapore, are likely to grow by 2.7, 1.3, 1.6, and 2.2 percent in 2012 respectively.
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