Asia has led the world since the global financial crisis hit much of the developed world and looks set to see further robust growth in 2012. Standard & Poor's has, however, warned that the region cannot be entirely immune from economic risks elsewhere, particularly in Europe and the USA, and that may have impacts including interest rate cuts and an increase in stimulus spending
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The pace of development across the region over recent decades has meant unprecedented advances in technology, prosperity and consumption, with Asian economies now well-placed to consolidate growth in the second half of the year, according to Reuters.