Asia ex-Japan expected to outpace US in recovery

Economic activity in the Pacific region has started to accelerate rapidly ahead of an expected recovery in the US. According to analysts at Credit Suisse First Boston, the scale of the growth in Asia will be much larger than in North America. The group predicts that non-Japan Asia's GDP will increase by 7% and perhaps more in 2002, roughly twice the pace of the US. Umberto Alvisi, part of CSFB's global strategy team, says: 'This fast expansion could imply that, over a period of time, Asian exports might end up boosting the European economy by about the same amount as the stimulu...