As SG releases its global economic outlook for the fourth quarter, Steven Xu, the bank's head of Asian economic research, talks to FinanceAsia about the prospects for the region. While the recovery in consumption is driving growth in most countries, particularly China and Korea, the story is not so bright for Hong Kong.
What is your current economic outlook for non-Japan Asia
I'm generally positive about the region, firstly because we have seen a reversal of the investment-savings gap due to a significant improvement in balance of payments for most economies. In the last five years, savings have consistently outstripped investment, which has laid the foundations for some kind of consumption recovery. I am...
