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Asia: Economies Rebound Strongly Across Region

7:50 AM MST | January 8, 2010 | Ian Y oung

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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