Guest Opinion: Recession Risks For Developed Economies Could Test Asia-Pacific's Resilience Sep 11

Standard & Poors, September 2011

Abstract
Rising risks for developed economies, such as the U.S. and Eurozone members, will once again test Asia-Pacific's resilience. Asia-Pacific rebounded strongly from the global financial crisis that began in 2008; but its economies won't emerge unscathed if more-mature markets sink into recession again. In developed countries, interest rates are typically close to zero and many monetary authorities have limited policy instruments to fight another recession. Crisil Ltd. believes that, in a worst-case scenario, the impact of a potential double dip in growth could be deeper and more prolonged for Asia-Pacific if another crisis emerges. We expect a weaker economic recovery for developed economies in 2011 than we previously assumed, with Japan likely to remain in recession. Standard & Poor's Ratings...

Companies mentioned in this report are:
- Australia (Commonwealth of) (Unsolicited Ratings)
- New Zealand
- Japan (Unsolicited Ratings)
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Korea (Republic of)
- Singapore (Republic of) (Unsolicited Ratings)
- Taiwan (Republic of China) (Unsolicited Ratings)
- India (Republic of) (Unsolicited Ratings)
- China (People's Republic of )
- Indonesia (Republic of)
- Philippines (Republic of the)
- Vietnam (Socialist Republic of)

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Australia (Commonwealth of) (Unsolicited Ratings)
- New Zealand
- Japan (Unsolicited Ratings)
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Korea (Republic of)
- Singapore (Republic of) (Unsolicited Ratings)
- Taiwan (Republic of China) (Unsolicited Ratings)
- India (Republic of) (Unsolicited Ratings)
- China (People's Republic of )
- Indonesia (Republic of)
- Philippines (Republic of the)
- Vietnam (Socialist Republic of)

Customers who bought this item also bought

• The Asia Pacific Research Centres Directory 2013
• Directory of Asia Pacific Libraries 2013
• Directory of Asia Pacific Foundations 2013
• International Country Risk Guide Annual
• Defense and Security in Malaysia
• International Military and Civilian Unmanned Aerial Vehicle Survey
• Political Risk Letter
• Future of the Chinese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
• Asia – Smart Weapons Markets and Technologies Outlook – 2013-2020
• China Defence and Security Report Q1 2013