Asia: international economy
Article Abstract:
Singapore, South Korea and Thailand all experienced declines in their growth rates, and the recent labour reforms in South Korean have completely disrupted industrial production and exports. The poorest economic performance in 1996 came from Hong Kong, which saw real GDP growth expand by just over 4%. China saw the most significant improvement in inflation with consumer prices down by 8.3% on average. South Korea's current account deficit rose to $23 billion, and Thailand's deficit also rose. Malaysia was able to cut its current account deficit to $5.8 billion and further improvements are expected.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
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Asia
Article Abstract:
The Asian economic crisis has hit some countries especially hard, and Indonesia is the worst affected. There was a drop in growth of gross domestic product (GDP) of 12.2% in Indonesia in 1st half 1998, and this was worse in the second qtr. Other countries showing a GDP drop include Hong Kong, Malaysia and South Korea. The collapse of the government in Indonesia, and the problems of the Japanese economy have tended to deter investors. Economic policy was initially tightened, but this has been eased in many cases due to social and political effects of the downturn.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1998
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Asia
Article Abstract:
Most Asian countries appear to have passed the depths of their recession. Rates of decline in GDP were not as high in the fourth quarter of 1998 as they had been in the third quarter. However, real recovery is unlikely to become evident before 2000. Major drivers in the recovery will include higher public spending, lower inflation and the trade surpluses which have arisen due to decreasing imports. Governments could hinder recovery if they become complacent and lose commitment to reforms.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1999
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