Bill Emmott, former editor of the Economist, spoke on the Asian Economies Post-Crisis Panel at the Salzburg Global Session "Emerging Asian Powers: Rivalry and Global Responsibility."He introduced a concept of the "LUV-shaped" recovery: An "L-shape" in Europe and Japan; a "U-shape" in the United States; and a "V" in China and India and talked about recovery prospects in India and Japan. Price trends in emerging economies and the developed world may be headed in opposite directions -- with inflation remaining a longer-run concern in emerging economies and deflation bring the biggest threat in developed economies.moreless
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