Growth numbers continue to be revised upwards across much of the Asian region. There has even been a...
Growth numbers continue to be revised upwards across much of the Asian region. There has even been an upward surprise from Japan. Korea's economy has been the most extreme example of a faster than expected recovery, while at the same time seeing record low interest rates. The operating and financial leverage of local corporates will be clear-ly evident in earnings this year. Next year will be more telling, however, as we discover how sustainable the economic rebound is and whether companies continue their deleveraging efforts or begin a new investment cycle. A healthy dose of scepticism ...
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