Post-crisis Asia looks ready to take on rest of the world

markets forum

Asia is a very different place to the one plunged into financial crisis in 1998 and now offers equit...

Asia is a very different place to the one plunged into financial crisis in 1998 and now offers equity investors one of the most exciting opportunities in the world, according to John Crawford, director of Pacific specialist equities at Henderson Global Investors. He said: "Asia used to be a deficit economy where domestic growth was fuelled by cheap capital, which was unsustainable. But now it has surpluses across the board, and it is the US that sports most of the deficits." During the crisis, demand for money fell and banks stopped lending. But many Asian firms were forced to repay debt,...