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Article: Asian Economies Regain Footing After Falling Off The Growth Path; Aggressive stimulus programs put in place in recent months are the key to recovery in these emerging markets.(Peak Performance)(Industry overview)
- Article from:
- On Wall Street
- Article date:
- October 1, 2009
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Byline: Milton Ezrati
During the past year, emerging e Asian economies have shown two tremendous sensitivities.
One, their export dependence has made them highly vulnerable to the global economic softness and made for grim Asian economic news late last year and earlier this year.
And two, their high responsiveness to any policy stimulus has more recently created something of an Asian economic resurgence.
In fact, that second sensitivity-the response to stimulus-has occurred even as exports to the West's still-soft economies languish. So, as the American and European economies recover and improve export prospects from those emerging ...