The Economist has a great article about how Asia’s emerging economies are bouncing back from the economic recession… It appears that very few forecasters could have predicted the scale of recovery seen by the Asian markets, and the Economist delves into the detail to identify the why’s, the how’s and the sustainability of such growth over the long term.

Here’s an excerpt:

Average growth figures conceal big differences within Asia over the past year. China, India and Indonesia were among the few economies in the world that continued to expand throughout the global downturn (though China’s virtually stalled late last year). But the smaller, more open Asian economies were badly hit. Between September and March real GDP fell by an average annualised rate of 13% in Hong Kong, Malaysia, South Korea, Singapore, Taiwan and Thailand.

Yet the countries that have so far published second-quarter GDP figures show an impressive bounce. Comparing the second quarter with the first at an annualised rate, China’s GDP grew by 15%, South Korea’s by almost 10%, Singapore’s soared by 21% and Indonesia’s managed a respectable 5%. Other countries in the region are also likely to show a rebound. It is true that output in South Korea and Singapore was still lower than a year earlier, but quarterly changes are more useful for spotting turning points—and this is how growth rates are most commonly measured in America.

The good news of course is that this growth relates to both Online and Offline channels. It won’t be long before a lot of the money being generated will filter through to the online retailers, online travel companies and an increase in various online marketing channels…

Good news all around… I just hope it can be sustained. For more details you can read the whole article here.

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