Moody's Investors Service says that the strengthening in global demand since the end of last year has buoyed Asia Pacific's trade-reliant economies, but that faster export growth has yet to feed into a broader and more sustainable acceleration in output growth.
Support to sovereign credit profiles will be strongest where the export upturn combines with structural reforms and investment in infrastructure.
The world's biggest economies are recovering at the same time, giving a boost to trade. Among them, China and Japan have been contributing to the global pickup, supporting regional demand.
The acceleration in growth in Hong Kong (Aa2 stable) and Malaysia (A3
