The rise of realism in emerging Asia

Now that the super-easy monetary policy, dubbed "quantitative easing" (QE), is coming to an end in the United States, some say this is also the end of the emerging markets' growth story. We at Standard Chartered disagree. In fact, the ending of QE ending bodes well for the emerging markets, especially those in Asia, the region most open to trade.

This is likely to be the first year of truly better growth for the world economy since the global financial crisis. We expect global GDP to expand by 3.5 percent, with growth of 6.6 percent in emerging Asia, 1.3 percent in Europe, 7.4 percent in China and 2.4 percent in the US.

For the first time in years, all major economies are set to grow at a reasonable rate. The world economy is at long last gaining a more solid footing, with multiple drivers of growth.