Asian emerging markets positive
Asian emerging markets represent a good option for investors in 2009, according to a new analysis released this week by Allianz.
The Allianz Dresdner Economic Research analysis claims that despite the financial crisis and economic slowdown across the globe, emerging economies of Asia will continue on a path of growth.
It forecast that the gross domestic product (GDP) of emerging markets in Asia will grow by 5.9 per cent in 2009, on the back of 7.2 per cent this year.
“No region is immune to the financial crisis,” the analysis said. “Asian economies will also see a slowdown in growth but not a contraction.”
The analysis said that Asia’s export growth would be hit considerably by the decline in consumer spending in the US and Europe but strong domestic demand, led by consumer spending, would support economic growth.”
AUTHOR
Mike Taylor
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