It would be fascinating if, in another year, we find ourselves looking back at a US economy that had outperformed expectations. (There is still of course a critical need for the US to craft a measured and credible path back to fiscal sustainability. That particular drama could continue as long as the European one.)
BIS central bankers’ speeches  1  But it is appropriate to turn our gaze to our own part of the world, especially in the current period of discussion about “the Asian Century”.