We asked our readers last week about the prospects for economic growth in Asia during the coming quarter. Most said that we are probably in for more of the same, while the rest were split evenly between pessimists, who foresee a correction, and optimists, who expect conditions to improve and growth to pick up.
The confusion is hardly surprising. The threat of sovereign defaults in Europe and even the US are not encouraging signs for the global economy, yet markets have avoided panic so far and most analysts are cautiously optimistic that Asia’s key economies are fundamentally sound. So, a lot depends on what happens on the other side of...