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From The Opalesque Team: Copenhagen-based trading and investment specialist Saxo Bank has taken a dim view of 2009 for much of the global financial markets. Asia holds two of the firm’s top ten bleakest predictions, one of which is expectations of China GDP growth dropping to zero on weakened exports.

The country has felt the pain of dropping exports through the end of 2008. In December, the CLSA China Purchasing Managers’ Index showed the country’s manufacturing contracted for the fifth month and Bloomberg reported that China exports fell for the first time in seven years in November, imports plunged and industrial output grew at the slowest pace in almost a decade. (Source)

Decoupling debated in 2008, may become a goal for 2009 In year-end reports by research firms Cerulli Associates and Celent show that up until the second half of 2008, there was strong belief that the global credit crisis effects on the Asian markets would be limited. The theory of decoupled markets became a topic of debate, and then in the last half of 2008 after several major global financial institutions faltered, Asia showed that it was indeed not sheltered from the global markets.

Further steps to decouple from the Western world may be indicated as Celent reports Asian investor expectations for 2009 indicate a shift away from the west. Asian investors across the......................

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