As concerns over China’s growth have abated to some extent and India’s growth has picked up, Asia’s growth is forecast to exceed that of other regions and to stay stable for the next three years. Yet, concerns are rising over the increased leverage on corporate balance sheets and the excess of rating downgrades over upgrades. Looking ahead, technical factors are likely to continue to support Asian bonds. They will continue to present an attractive opportunity to global investors, particularly against the preponderance of negative interest rates elsewhere.
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