Emerging Asia to outperform global peers

Wednesday, 19 December 2012 01:16 - - {{hitsCtrl.values.hits}}

Fitch expects emerging Asia’s macroeconomic performance as a region to outperform global peers. Emerging Asia is projected to remain the fastest-growing global region, with growth of 6%-6.5% a year until 2014.

Even excluding still fast-growing China (constituting 48% of emerging Asia’s overall GDP), the rest of the region is expected to grow 5%1 in 2012, picking up to 5.5% in 2013 and 6% in 2014, outpacing global emerging markets as a whole. Inflation for the whole region is expected to average 3.7% a year in 2012-2014, close to the 2001-2011 average of 3.6% and below the average for all emerging markets of 4.8% a year.