Lehman bullish on Asia

Investment bank sees new economic paradigm for the region, coupled by strong growth forecasts.
Lehman Brothers anticipates strong regional growth in 2006 based on flourishing economic fundamentals. The investment bank also believes that the US Federal Reserve will implement two more interest rate rises and believes the worldÆs largest economy will enjoy a moderately robust first half.

The US investment bank projects that non-Japan Asian economies will experience aggregate 7% growth during 2006, with a similar level anticipated in 2007. On an individual country basis, Lehman forecasts that China will again be the regional growth engine, topping out at 9% GDP growth. South Korea is also expected to have a banner year, with growth estimates of 6%.

According to Lehman, Asia is currently primed for a new economic paradigm,...

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