Coca-Cola chairman and CEO Neville Isdell has said he is not expecting a recession in the US. The soft drink boss was speaking at the World Economic Forum in Singapore.

"I don't see a recession in the United States," Neville Isdell told the Dow Jones newswire service. "The subprime market issue is behind us."

However, he added that whilst the US and Europe currently make up Coca-Cola's largest revenue base, the Asia-Pacific market will soon match it. He pointed out that revenues from Asia-Pacific were growing at 35-40% a year. The European and US markets by comparison were growing at 15% or less.

"In five or six years the revenue base will be the same," he was reported saying.