tepid-growth-forecast-for-asia

Tepid growth forecast for Asia

Calyon's analysts aren't yet ready to dismiss the overused phrase "green shoots" of a recovery as yellow weeds.

Calyon strategists Mitul Kotecha and Sébastien Barbé have a relatively bullish outlook on Asia. They say regional economies are no longer in free fall -- though they will be tepid until at least 2010 -- and the worst of the crisis appears to be over.

The economic collapse people feared did not take place, said Kotecha, head of global foreign exchange strategy at Calyon.

Barbé, head of emerging market research and strategy at Calyon, added Corporate Asia definitely feels the worst is over.

Calyon estimates that Asia-Pacific gross domestic product will grow by a healthy 4.3% this year. This is down from 6.9% last year, but well above the International Monetary Fund's IMF estimate of...

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