Taking a sober look at Asia: World Bank expects slow regional recovery
Article Abstract:
The World Bank has lowered its long-term forecast for Japan and other financially troubled Asian countries in anticipation of an economic 'stagnation' in 1999. It projects that the crisis economies will grow by 0.1% in 1999 while the world economy will grow by 1.9%, which is significantly lower than the 3.2% growth in 1997. The bank further predicts zero growth for the global economy if sharp stock market corrections are experienced in the US and Europe, if the Japanese economic downturn accelerates and if investment flows to the Third World continue to dwindle.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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China's food needs loom large indeed
Article Abstract:
A Sino-US research project has reported that China will have to import large quantities of food over the next 25 years as the nation's main agricultural areas face potential water shortages among many other problems. The report also revealed that cultivated land in China has been underestimated by 30-40%. Grain imports are forecasted to reach between 50 million and 200 million tons a year. China's rising demand for food is a plus for food exporters while the downside is that it could drive up the prices of food.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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How money talks in markets
Article Abstract:
The value of a country's currency appreciates or depreciates relative to a comparing country's currency performance. Currency strengths and weaknesses are determine in the trading floor of foreign exchanges. Supply and demand, investor speculation, interest rate and central bank intervention affect the daily rise and fluctuation of a country's currency. Thailand, Malaysia, Indonesia and the Philippines are some of the countries experiencing currency valuation problems.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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