Asia Pacific

According to the Chinese zodiac cycle, this is the year of the dragon, an auspicious time to have babies. Not surprisingly, this is fueling a baby boom in Chinese-speaking regions across the Asia Pacific. That is a godsend for countries like Taiwan and Singapore, where women have grown disinterested in having and raising children.
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Lukewarm growth from the U.S and Europe have resulted in slowing export growth for Developed Asia Pacific countries like Japan. Central banks are easing monetary policy to stimulate growth in Developed Asia Pacific economies.
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Emerging Asia Pacific’s leading economies are witnessing slowing export and investment growth. Central banks in the region are now focusing on stimulating growth amidst falling inflation.
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After battling a severe recession, Singapore is now one of the world's fastest growing economies.
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For the first quarter of 2010, the Japanese economy grew 5% year-on-year. But the second quarter was to be disappointing, with economic growth registering just 0.4% over a year earlier.
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The global economic recession that began in 2007 with the collapse of Lehmann Brothers struck down South Korea’s burgeoning economy. Its key automotive industry suffered as customers in the U.S. and Europe cut back on buying and spending.
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Economic upheaval: During the recent global recession, the Philippines found that its export industry was hard hit, and remittances also fell, as overseas Filipinos felt the pinch of the economic downturn. Faced with the challenges of declining external demand, the economy of the Philippines grew just 0.9% in 2009.
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