Retail in Asia

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How real is the recovery?

Thanks to stimulus programmes by governments, the world economy has dodged a second Great Depression.

Now the recovery is being led by surprisingly strong growth in Asia, particularly on the Chinese mainland. Goldman Sachs, for example, forecasts economic growth this year of 8.8 percent for non-Japan Asia and closer to 11 percent for Mainland China – well above forecasts for other parts of the world.

But is the global recovery on track? Or should we expect setbacks in 2010, such as the recent debt crisis in Dubai? Ask the experts, and the answer to both questions is yes.