Warrant on global growth status to fortify Asia economy numbers

Stock markets across Asia have rebounded strongly in 2009, outperforming the developed world, and the prospects continue to look encouraging.

Even the more defensive Australian market has produced a stellar performance in sterling terms, given the strength of the Australian dollar, although it has lagged other regional markets in local terms. The Australian economy has proved remarkably resilient, successfully avoiding recession and expanding over the first half of 2009. While the government’s large fiscal stimulus programme remains a major support, the strength of the mining sector is key, with growing demand from China and India boosting exports of commodities. But Australia is not the only country to benefit from the renewe...