asia-set-to-recover-quicker-than-other-regions

Asia set to recover quicker than other regions

In a world full of financial bad news, Asia is still the place to be, according to various outlook reports for 2009.
As 2008 gradually develops into a bad memory, the focus is shifting towards the coming year. The global economy is on its knees and under continued attack by an array of poor economic indicators, making the future look pretty bleak. As the banks release their 2009 outlooks, one assertion might offer solace to local residents Asia is where you want to be to weather the storm.

Credit Suisse, in its global equity strategy report, has raised its recommendation on emerging markets from benchmark to overweight, with Asia ex-Japan showing the best economic fundamentals. The report cites the region's high levels of economic policy flexibility, which is available due to a current account surplus totalling 3%...
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