Most Asian countries continue to exhibit strong growth despite the recent turmoil in global markets. However, if there is a full-blown recession in the developed world, some markets will weather the storm better than others. In particular, domestically-oriented countries like India and Indonesia will be much less affected by a downturn in the West than will export-oriented countries like Thailand and Malaysia

• Bangladesh: Bangladesh’s deal with India will likely lead to long-term growth of bilateral trade and improvement of domestic infrastructure
• Cambodia: As Cambodia becomes increasingly integrated into the regional and global economies, it will start drawing significant attention from investors
• China: Signs of weakening consumer demand have appeared in the luxury goods industry, which has seen stellar growth numbers in H1 2011
• India: Continuing interest rate hikes along with inflationary pressures will dampen GDP and industrial growth for the remainder of 2011
• Indonesia: MNCs should ensure that they are effectively taking advantage of Indonesia’s numerous government incentive programs
• Japan: The economy’s slow path to recovery will further decelerate due to the  global economic slowdown, rising Yen, and continuing energy issues
• Malaysia: Malaysia is pursuing an unprecedented expansion of its oil infrastructure that may create significant opportunities for multinationals
• Pakistan: Companies should expect price pressures in Pakistan to remain elevated for the foreseeable future
• Philippines: A new agreement with China will bolster bilateral trade and boost foreign direct investment in the Philippines
• South Korea: New anti-graft reform measures should help to improve South Korea’s corruption landscape over the medium term
• Taiwan: Taiwan’s business environment will continue to improve as the island’s leaders work proactively to attract investment
• Thailand: Companies should remain cautious of the political landscape until the country’s new government has established a solid base of support
• Vietnam: The government’s new minimum wage hike will undergird Vietnam’s inflationary spiral, prolonging the pain for multinationals in the country