SG sends out positive message for Asian economy

Despite some gloomy predictions of an uncertain future for Asian economies, one investment bank is more bullish about the region''s future prospects.

For a fair few months now, we have been hearing from the prophets of doom that Asia faces the prospect of heading towards another financial crisis, on the back of a potential economic downturn in the United States and problems in Japan.

The more optimistic among us can be thankful then that not everybody is singing from the same song sheet. One of these is Steven Xu, director and senior economist with SG Securities in Hong Kong, who was ready to spread a positive message at a press briefing to launch SG's 'Quarterly Economic Review', entitled 'Looking beyond the current gloom'.

Like his colleagues, Xu sees hope, particularly for China, South Korea...

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