Export-led recovery begins to broaden

Exports have led the economic recovery in many of Asia's Pacific Rim economies. Companies took advantage of the simultaneous factors of weak local currencies and strong demand from developed economies for technology products. Recovery has since broadened with improving domestic demand and is now escalating with the positive effect of yet further improved exports. Yet increasing inflationary pressures in the US, which in turn may dampen demand in the technology sector as a result of rising interest rates, could hamper the benefits of this primary driver. On the other hand, a continued stro...