The Asia-Pacific region has seen another year of lackluster growth. The global environment for exports— the region’s lifeblood—has remained exceptionally weak, as the European debt crisis has lingered and US fiscal contraction and inaction have slowed the world’s largest economy. Developed economy weakness and a deliberate policy shift have limited the growth impetus from China as well. 2014 promises to be marginally better, now that Europe has begun to emerge from recession and the worst of the US budget drag is hopefully behind us.
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