09 Aug '11, 2am

Despite turbulence, economists positive about Asia business outlook

Despite turbulence, economists positive about Asia business outlook

Despite turbulence, economists positive about Asia business outlook August 9, 2011 by Terence LEE With the recent Standard and Poor’s credit rating downgrade and the possibility of a double recession in the US, the global economy is heading into a period of uncertainty, with even Singapore’s finance minister bracing his countrymen for a “tough ride of slow growth and occasional recessions” in the next 3 to 4 years. Despite the turbulence, both of the economists who spoke at the 51st ACE BlueSky Exchange , held on July 26, remain optimistic about the prospects for business owners in Asia. According to David Carbon , DBS bank chief economist and managing director for economic and currency research, Asia recovered from the recession in 2008 with little help from the US, which was still just experiencing the beginning of their economic woes. This can be attributed to rising co...

Full article: http://sgentrepreneurs.com/commentary/2011/08/09/despite-...

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