Asian Economic Potential

Asian economic is stronger in recent years. In 2004, Aisa once again is a bright spot in the global economic picture. Asian financial markets have done well, outperforming other regions in most asset classes. Asia is expected to grow at 5 percent in 2003 and 5¼ percent in 2004, making it the fastest growing region in the world. http://www.imf.org/external/np/speeches/2003/101203.htm Desipte the effect of SARS and recently the serious affect of Tsunami, Asia's economic growth forecast for this year has been underestimated. Beside some big countries like China, Japan, South Korea..., the other countries in Aisa are also developing well. Indonesia may achieve GDP growth of 5 to 5.3 percent for this year, up from the firm's earlier forecast of 4.5 percent. The potential for Thailand is 6 to 6.2 percent, up from 5.7 percent previously anticipated. Malaysia may reach 5.3 to 5.8 percent, up from the earlier 4.8 percent forecast. Philipines is 4.8 to 5.5 percent growth, compared to the earlier forecast of 4 percent... http://www.taipeitimes.com/News