Domestic demand to drive Asian growth as exports slow

Asian domestic demand can continue to support the region's economies in the face of slowing exports,...

Asian domestic demand can continue to support the region's economies in the face of slowing exports, according to Absolute Asia's Bill Sung. Speaking at the Investment Week Family Office Partnership Conference, Sung said the region's massive surplus savings, relatively high interest rates and modest inflation offer ample room for most Governments to stimulate demand in the region. "Other positive factors supporting demand include a huge accumulation of foreign resources, structural appreciation of Asian currencies and a huge population with rising affluence," he added. Sung, speaking ...