Upgrades All Round… Now Comes The Hard Part

As we head into the new year (and new decade, for that matter), there can be little denying that the speed and strength of Asia's emergence from the depths of the global recession has been nothing short of remarkable. Initially, of course, the region took something of a trouncing in terms of economic activity, as a result of its heavy commercial linkages with the Western world and the disruption of trade financing brought on by global market turbulence. Since then, however, the pace of recovery has been tremendous, both in the domestic demand-orientated and trade-focused economies, leading many to believe

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