Asia in the Year of the Black Water Dragon | Bangkok Post: news

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Asia in the Year of the Black Water Dragon

  • Published: | Viewed: 2,769 | Comments: 0
  • Newspaper section: News
  • Writer: Haruhiko Kuroda
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This is the year of the Black Water Dragon, a Chinese astrological cycle that indicates change, but with a measure of calm, sensibility and prudence. The people and governments of Asia certainly hope that this proves to be the case. 

But uncertainties _ from within and without the region _ are growing rapidly.

Developing Asia has performed relatively well over the past two years. It led the world out of the 2008-2009 "Great Recession" recording 9% average economic growth in 2010 and solidifying that recovery by laying the basis for a more moderate and, one hopes, sustainable pace of economic expansion.

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