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The World Bank's East Asia and Pacific Economic Update noted the projection for GDP growth in 2010 has been increased to 8.7 per cent, almost an entire percentage point above the forecast the organisation made in November 2009.
A combination of factors including a manageable deficit, fairly low external and public debt and strong banks that have continued lending have helped boost the region, something that could bolster confidence in stock market trading in the current financial climate.
Commenting on the study, Ivailo Izvorski, the World Bank's lead economist and principal author of the report, said: "The regional market for goods and services will increasingly provide opportunities for expansion."
He added China has proved important in influencing the recovery of the region, with authorities in the country deploying a large fiscal and monetary stimulus that ran during the final quarter of 2008, through to this year.
Posted by Sara Secker
