Asia to be king in five years 25/6/2006 Domestic demand from Asia will have a bigger influence on global growth than the United States in just five years, according to DBS.
The bank pointed out Asia had grown immensely in the past five years with trade between China and the rest of Asia multiplying rapidly and evolving into a cohesive economic force that was fast catching up with the US. Describing the transformation as a passing of the baton, DBS analyst David Carbon said, Domestic demand growth in Asia is already very large compared to domestic demand growth in the US. Next year, Asia will generate 85 percent as much fresh demand as the US. The current outlook for Asia also remained healthy with help from Chinas 9 per cent growth proving to be big boon for the region. Asias growth depends significantly more on China than on the US, said the Singapore-based bank while suggesting Asia start focusing more on the monetary policy of the Peoples Bank of China than the Fed. The continued slowing of the US economy would also act in Asias favour with DBS noting the economic giant was likely to experience stagflation in the coming quarter with Asian currencies likely to muscle up on a softening greenback. Commenting on market volatility in the region, DBS said the situation was likely to remain for the next couple of months but assured its reality check on the region made it more positive towards the Asian markets. Markets have corrected sharply but Asias strong growth fundamentals remain, it said. The bank was Overweight on Singapore and Indonesia, Neutral on Hong Kong and China and carried an Underweight stance on Thailand and Malaysia. http://www.moneynewsasia.com/articleExpanded.asp?r_articleID=658 __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com ------------------------ Yahoo! Groups Sponsor --------------------~--> Yahoo! Groups gets a make over. See the new email design. http://us.click.yahoo.com/XISQkA/lOaOAA/yQLSAA/BRUplB/TM --------------------------------------------------------------------~-> *************************************************************************** Berdikusi dg Santun & Elegan, dg Semangat Persahabatan. Menuju Indonesia yg Lebih Baik, in Commonality & Shared Destiny. http://groups.yahoo.com/group/ppiindia *************************************************************************** __________________________________________________________________________ Mohon Perhatian: 1. Harap tdk. memposting/reply yg menyinggung SARA (kecuali sbg otokritik) 2. Pesan yg akan direply harap dihapus, kecuali yg akan dikomentari. 3. Reading only, http://dear.to/ppi 4. Satu email perhari: [EMAIL PROTECTED] 5. No-email/web only: [EMAIL PROTECTED] 6. kembali menerima email: [EMAIL PROTECTED] Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/ppiindia/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
