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Nomura sees power shift from West to East
25 February 2010
A recent report from Nomura suggests that Asia is witnessing a resurgence in its financial and political fortunes.
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Nomura
Asia is witnessing a resurgence in its financial and political fortunes and will be at the forefront of an accelerated shift of global influence from west to east. This is the central finding in a major study 'The Ascent of Asia', launched today and produced in partnership by Nomura and Dr. John Llewellyn, the distinguished global economist.
The study shows that Asia's solid macroeconomic fundamentals and positive policy responses following the global financial crisis enabled the region to recover quickly, and will contribute greatly to its growth over the medium-term.
"Asia's medium-term economic prospects are bright and the region has enormous potential on the supply side," said Dr. Llewellyn. "Fully realising its potential will depend on it achieving a sustainable pace of demand...
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