Monday, 1 June 2009

Asia: Weathering the Economic Crisis

Its banks are strong, while debt loads and inflation are low. But that doesn't mean there aren't challenges for investors

By Frederik Balfour

Though it may have been half-forgotten by many investors since the crisis, its educated workers, natural resources, and—in some countries, at least—first-class infrastructure make it worth paying attention to. ASEAN has a total population of 560 million, and its combined gross domestic product of $1.3 trillion is greater than India's. Indonesia, Thailand, Malaysia, the Philippines, Vietnam, and Singapore—which account for about 95% of the region's economy—attracted nearly $50 billion in foreign direct investment last year, vs. China's $92 billion.

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