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Published on: 12/15/2003
Last Visited: 7/13/2006
Eddie Wong, chief Asian economist for ABN AMRO Asia Ltd, agrees, writing in a November analysis of Asian economies that any global slowdown will not derail the Asian recovery.Although we expect US economic growth to lose momentum towards the middle of next year, the global environment will remain generally favorable to regional equities, he writes, with interest rates remaining at their current low levels, sustaining US dollar weakness and driving more capital back to Asia.A major domestic demand recovery should exceed current expectations, he continues.
Employment trends have also been modestly supportive of household consumption in the region, he writes.