Asia: Economies Rebound Strongly Across Region

Emerging Asian economies are performing better than anticipated thanks to swift policy responses to the economic downturn and an improved external environment, the Asian Development Bank (ADB; Manila) says. “The region is set for a speedy recovery in 2010,” ADB says. The pace of recovery is uneven across the region. Newly industrialized countries such as Korea, Singapore, and Taiwan, together with the more export-oriented economies of the Association of Southeast Asian Nations (Asean), were hurt badly by the global financial crisis but are poised for...

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