Asia continues to lead global recovery

ON ASIA

Courtiers' Caroline Shaw on how the region's mix of developed and emerging markets contributes to its long-term growth story

Asia represents a huge diversification of economies. The latest World Economic Outlook from the IMF defines Asia as encompassing Australia, New Zealand, Japan and all other nations that sit geographically between the Polynesian South Pacific islands, at the eastern limit, to Afghanistan and Pakistan, at the western limit. However, Asia is a wide mix of developed and emerging nations – it is impossible to generalise. As a region, the IMF projects 7.9% growth in 2010 and 6.7% in 2011, decidedly more positive than the 2.6% and 2.3% for the US and the 1.7% and 1.6% for Europe. Asia contin...