Fiscal position will give Asia strength to weather US economic slowdown

Thanks to the general strength of the Asian fiscal position, the significant increase in intra-regio...

Thanks to the general strength of the Asian fiscal position, the significant increase in intra-regional trade in recent years and the relatively robust state of domestic demand, Asia is better-placed to weather the current US economic slowdown than in previous cycles. Domestic consumption is a key theme in several markets, notably China, where rising incomes and an unsustainably high savings rate are creating opportunities in a range of consumer-focused sectors. In this respect, China is the inverse of the developed Western economies - while the UK and US are grappling with unsustainably ...