ING Barings says domestic demand needed to boost Asia

That is the verdict of Tim Condon, chief economist for Asia with ING Barings, who was addressing journalists at a press briefing in Hong Kong yesterday.

Condon, in common with many of his peers, sees US recovery as vital to the economic fortunes of Asian countries, and despite the current air of uncertainty following the events of September 11, Condon is confident that the US will see better growth from early next year.

The policy response, both monetary and fiscal,...