DESPITE THE RECENT convulsions in financial markets around the world, real economic data continues to point to a decent recovery across most of the major economies that matter for Asia. Noteworthy are the diverging patterns of economic developments between Asia and developed economies, and within Asia itself. These changing patterns give us some insight into the risks and upsides that Asian economies could face in the coming year.

THE ECONOMIC STRATEGIES Committee (ESC), which was set up to consider strategies for Singapore’s economic development in the wake of the tumultuous developments in the global arena, has now reported its findings. After a thorough review of the economy, the ESC has formulated seven key strategies to guide Singapore’s economic development policies. These are grouped under three major policy goals, namely boosting skills in every job; deepening corporate capabilities and making Singapore a distinctive global city and an endearing home.