What a difference half a year makes. We started the year on a sombre note, staring into an economic abyss. Plunging stock markets, frozen credit and runs on banks threatened to bring about a global financial meltdown that would send the world into the Great Recession. Six months later, with the economies still on fiscal life support, major Asian bourses have recovered over a third of their losses from the 2007 peaks and there are growing concerns that we may be witnessing the start of another asset bubble – except that this time, it is built on the smouldering rubble of a still-tattered real economy.
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| Industry Insights | ||
| North Asia | South Asia | Australasia |