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TOPIC: "Consumers Spend Asia Out of a Downturn" (WSJ 12/21/09)


Diamond

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"Consumers Spend Asia Out of a Downturn" (WSJ 12/21/09)
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Consumers Spend Asia Out of a Downturn

HONG KONG -- Asia has led the world out of the global economic downturn thanks in part to a welcome burst of consumer consumption. It appears the spending spree will continue into 2010.

Strong government stimulus programs enacted during the depths of the crisis helped spur domestic economic activity across the region. Most of Asia's economies are growing and private consumption has been key. China, India and South Korea are rebounding smartly, a step ahead of the U.S. and Europe.

Now some see consumer spending in Asia picking up support from more than stimulus. Businesses are showing profits. Unemployment rates ...

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This is good news.



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Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

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Administrator

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Wonder if it will work here. It didn't work last year.

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Diamond

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In Asia, it can work because they have the level of savings necessary to go for that kind of spending... as well as the optimism for the future of their respective economies..

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

Madam Secretary Blog at ForeignPolicy.com
Project Vote Smart - Stay informed and engaged!
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