Before we all start to commit ritual self disemboweling with a butter knife, let's not forget that there is some good news out there. OK, Japanese exports may be down 49% on February 2008. That's actually pretty bad.
But, how's this for a series of feel better reports?
- Vietnam actually eked out a 2% increase in exports says the FT. Somewhere else, they say this was down to strong gold and rice shipments (somebody's having some fancy rice pudding).
- Bloomberg reports that a respected adviser to China's central bank says that the country's economy "will recover strongly in the second and third quarters as a 4 trillion yuan ($585 billion) stimulus package takes effect".
- Normandy Madden over at Ad Age China tells us that "China's ad market grew 9% to $27.8 Billion in 2008".
Update: More in the same vein from Marketing which reports that Carat is predicting growth in China's advertising market in 2009, admittedly an anaemic 4.8% compared to 19% in 2008 and an anticipated bounceback to 7.2% in 2010. This compares to an expected fall across Asia this year of 0.8%.