My yesterday’s post in my blog
Today’s mint column (from Bloomberg)
Whenever world is in economical crisis or in boom period, a school thought start talking about decoupling of certain regions or countries from rest of the world saying that particular region is well protected due to certain reasons.
The bubble here is the unsustainable belief that Asia can grow rapidly no matter what happens among the biggest economies. Don’t bet on it. It’s great that China is growing 9.6% and that India is zooming along at 8.9%.
Nothing, though, would serve Asia better than a rebound in growth in the US, euro zone, Japan and the UK, which combined make up $34 trillion in annual output. Asia has done a stellar job staying afloat since Wall Street’s collapse in 2008. Developing economies may be able to live for a couple of years without the majors. Good luck keeping up that performance in the year ahead.