Greece is in danger of default, Dubai is still smarting from corporate collapse, and 9.7 per cent of the US workforce is out of a job. In much of Asia, though, the question on people's lips is: crisis, what crisis?
Malaysia became the latest Asian country to report unexpectedly strong growth in gross domestic product for the fourth quarter of 2009 yesterday, with a 4.5 per cent rise over the equivalent period a year earlier.
Hong Kong also beat forecasts when it announced a 2.3 per cent increase over the previous quarter. On Monday, Taiwan announced a rise of 9.2 per cent from a year ago, and Thailand saw comparable growth of 5.8 per cent.
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