Andrew Fay is the Australian-based Asia Pacific CIO of Deutsche Asset Management and here gives his views on how the region will perform in 2004.
What are the main drivers of growth of Asia's markets this year
On the macro side, the United States will be the driving force. I see a snychronised recovery around the world, as the huge liquidity that has been pumped into the system will start to buy into financial assets. We expect to continue to see an upgrading of the growth outlook that we have already seen in the United States, India and China.
However, it will not be all plain sailing. For Asia...