Investors can expect more of the same in the New Year. The fact is that the Asian region - including Australia and New Zealand - was a profit powerhouse in 2010. And Asia's prospects for 2011 are even brighter:
* It's where a great majority of the world's growth is taking place.
* And it's where investors can reap their biggest profits - if they pick the right investments in the best Asian markets.
The Case For Asia
According to a panel of forecasters assembled by The Economist, the world's two highest growth rates in 2011 will be in China at 8.9% and India at 8.6%.
Needless to say, such frenetic rates of growth can pull a lot of the neighbors along, too. After all, if Mexico's prospects are clouded by being next to the slow-growing United States - and if North Africa's growth potential is stunted by being close to the troubled economies of Southern Europe - then countries close to China and India should be expected to have pretty brisk rates of growth.
And that's just what's happening. Economies in the Asian region are each enjoying nice tailwinds from the growth tempests being whipped up by China and India. Vietnam and Indonesia, with projected growth rates of 6.8% and 6.0%, respectively, are both performing better than any other countries outside Asia. Hong Kong, Singapore, Malaysia, the Philippines and Thailand are also above 4%, making them well worth a look. And Australia, South Korea New Zealand and Taiwan all have projected growth between 3% and 4%.
Last of all the major Asian economies in terms of projected growth - as has been the case since 1990 - is Japan, which is forecasted to grow at a 1.3% pace in 2011 (though investors need to remember that with its negative population growth, that economic growth rate is better than it appears).
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