Executive Briefings

Things Economic Are Looking Up in Asia. Will It Last?

Asia's emerging economies probably grew at an average annualized rate of over 10 percent in the second quarter, while America's GDP fell by 1 percent. In 2009 as a whole, recent forecasts suggest that emerging Asia could grow by at least 5 percent, while the G7 economies contract by 3.5 percent. The growth gap between the two has never been wider. How have these export-dependent economies managed to decouple from the developed world? And can their recovery last? 

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Asia's emerging economies probably grew at an average annualized rate of over 10 percent in the second quarter, while America's GDP fell by 1 percent. In 2009 as a whole, recent forecasts suggest that emerging Asia could grow by at least 5 percent, while the G7 economies contract by 3.5 percent. The growth gap between the two has never been wider. How have these export-dependent economies managed to decouple from the developed world? And can their recovery last? 

Read Full Article