Asia
Article Abstract:
Asian economies are recovering from the financial crisis of 1997 in the sense that exchange rates and stock markets are undergoing a recovery. The International Monetary Fund has sought tighter monetary and fiscal policies which are likely to lead to recessions in these economies. Real growth of gross domestic product (GDP) looks set to drop to 3.5% in 1998 in Asia as a whole, with negative growth likely for Thailand, South Korea and Indonesia. There is also a drive for reform of the corporate and financial sectors in some countries hit by the crisis.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1998
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Asia
Article Abstract:
Political factors could affect a number of Asian economies in 1997, such as the death of Deng Xiaoping in China. Hong Kong's financial markets have not been unduly affected by the death of Deng. Economic reform looks set to continue in India despite the collapse of a coalition government. Thailand and S Korea have faced an economic slowdown which has led to concern over bad debts due to corporate cash flow problems. Both countries have taken measures to support their financial systems.
Publication Name: Barclays Economic Review
Subject: Business, international
ISSN: 0956-5574
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: