Eagle, this is what I mentioned in passing yesterday. Copied below in case you want a closer look.
15.16 If the British economy does become grim, to where should one head?
The OECD report reveals the safe-haven economies expected to come through the global downturn, short of a deep global recession. Handy, should that remote Scottish island favoured by Daniel Knowles become crowded.
Canada's economy is expected to grow at 2.2pc in 2011, 1.9pc in 2012 and 2.5pc in 2013. Inflation should remain subdued and business investment is 'robust', although household debts at chipping at consumer confidence.
Israel will enjou 4.7pc growth in 2011, 2.9 in 2012 and 3.9 in 2013, although external demand will slow growth (particularly in its booming microchip and telecoms industry). Unemployment will peak at a digestible 6pc in 2012.
Growth in Switzerland will shudder to 0.8pc in 2012 - but unemployment is forecast not to push above 4.3pc, less than half that of the UK.
Australian growth was slowed by flooding in early 2011 to 1.8pc, but will bounce back to 4pc in 2012 buoyed by the mining boom and high trade. Unemployment is low at 5.3pc, inflation is 2.8pc and the national deficit is forecast to be trimmed to just 0.3pc by 2013.
http://www.telegraph.co.uk/finance/debt ... -2011.html
The article contains an embedded link to OECD country summaries upon which the above highlights are drawn:
http://www.oecd.org/document/52/0,3746, ... _1,00.html
I had been thinking that SG/ASEAN would be a good long term bet, but right now I'd be hesitant to open a long position. I recall how the SG economy went through crazily wild gyrations back in 2008/2009. Not exactly a recipe for sleeping soundly! Based on the above article though, I'd be having a closer look at Australia...