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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