"Increasingly we have to ask ourselves really hard questions as to how sustainable is this process and how we can put growth in ASEAN on a much more sustainable trajectory." - Neumann
<blockquote>'In the past, Southeast Asian markets were among the first to suffer from investor risk aversion during periods of global economic uncertainty. Their current resilience shows that perception is changing. Since the 2008 financial crisis low, MSCI Southeast Asia shares are up 150%.
Improved economic management is also attracting investor interest. Countries like Indonesia and the Philippines are reaping the benefits from paring down debt and keeping their budget deficits in check in recent years..
..
The rise in consumer spending has been partly fuelled by easy personal credit in countries such as Indonesia and the Philippines and by strong fiscal spending in others, such as Malaysia and Thailand, said HSBC's Neumann.
"Increasingly we have to ask ourselves really hard questions as to how sustainable is this process and how we can put growth in ASEAN on a much more sustainable trajectory," he said.'
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Southeast is Asia's safe haven as China, India stumble, Jul 14, 2012</blockquote>
Context<blockquote>
(In the Electric Universe) DESERTEC - Asian Super Grid for Renewable Energies(Open Source in the Electric Universe - Electric driving) - Open Charge Point Protocol (OCPP)CFC Ban Successful - Companies Prepare for a Fossil-Free Future - Germany's Hidden Champions'..solar energy subsidies a hindrance rather than a help in Germany's phase-out of nuclear energy.' (
Source, July 04, 2012)
Mises - Money and Credit - '..the recession was a problem of under-saving, and over-consumption..''..an increase in consumption would make the economy even more imbalanced..''The use of GNP .. exaggerating the importance of consumption in the economy..'</blockquote>