According to the Asian Development Bank, "...East Asian economies are moving from last year's sharp and synchronised slowdown to a faster-than-expected but moderate rebound.."

"...Based on available economic indicators, many of East Asia's economies have started to pick up, lifted by stronger domestic demand and renewed business confidence. Exports are also starting to turn around..."

ADB forecasts for China, South Korea and the ten South East Asian economies have been revised upward, with a caution that a weaker US rebound or an extension of the 'war against terrorism' in the Middle East would endanger economic revival.