In Asia we trust

In many respects we should no longer expect the US to be the sole locomotive to pull Euroland out of crisis. We should also look to Asia. Exports to Asia are one of the drivers that we believe will help to get Euroland back on track. We expect the strong recovery in Asia to continue. A return of Euroland exports to Asia to previous peak levels will lift Euroland GDP by about 0.35%. We project this to happen quickly and expect Asia to continue as a growth engine thereafter. The Asian recovery