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5 Asia Pacific Mutual Funds to Buy on Robust Growth
5 Asia Pacific Mutual Funds to Buy on Robust Growth - conundrumsoft.com
The report states that robust domestic demand will offset the dampening effects of worldwide trade tensions. The ADB maintained its growth forecasts for developing Asia at 5. However, for the overall region, excluding the newly industrialized economies of Asia which include Hong Kong, the Republic of Korea, Singapore and Taipei, the growth has been revised down to 6. However, the lender remains fairly optimistic about South Asia. The projected growth for the region has been pegged at 6.
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Asian stocks are back in the spotlight after major economies like China witnessed its fastest economic growth in seven years, while Japan registered two straight years of economic expansion. The sentiment surrounding Japan's economic performance for this year also remains upbeat after manufacturer confidence reached an year high and exports rose for 13 consecutive months. Additionally, tensions in the Korean peninsula seem to have subdued as South Korea together with its northern counterpart will march at the opening ceremony of the Winter Olympics. Key indexes of the aforesaid countries have clearly gained momentum in the last one-year period following economic expansion.