Just as there is a two-speed Europe, it often seems, economically, Asia moves at two different speeds.
With markets rallying dramatically, investors' confidence has clearly rebounded as the threat of a potentially global depression lifted.
F&C's Gareth Morgan says Russian President Dmitry Medvedev may have underestimated the country's recovery, with the manager predicting GDP growth in excess of 5% next year.
The Bank of England today kept its key lending rate at a record low of 0.5%.
Eastern European equity markets have risen strongly this year.
Markets are more than 90% higher than the low levels seen in March this year, which almost re-tested the lows of October 2008.
As we enter Q4 it has been a remarkable period for investment markets, demonstrating how human behaviour more than anything is the main driving force for asset prices rather than true fundamentals.
Neptune UK Equity manager combines 15-year stockpicking experience with group's top-down process to achieve consistent outperformance
The road to economic normality is likely to be long and bumpy. Although purchasing managers are ordering again, industrial production is still down on a year ago.
With one person every four minutes declared bankrupt and one in 33 workers estimated to be unemployed by the year end, companies are shifting strategies towards debt minimisation