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Asia hit with demand shock due to European crisis?
05/30/12
06:43:12 am, by editor of MarketObservation.com 
, 100 words 
Categories: Economics Europe, Economics Global, Economics Asia
Project Syndicate: Asia Exposed, by Stephen S. Roach, May 28, 2012
Asian authorities were understandably smug in the aftermath of the financial crisis of 2008-2009. Growth in the region slowed sharply, as might be expected of export-led economies confronted with the sharpest collapse in global trade since the 1930’s. But, with the notable exception of Japan, which suffered its deepest recession of the modern era, Asia came through an extraordinarily tough period in excellent shape.
That was then. For the second time in less than four years, Asia is being hit with a major external demand shock. read more
Keywords: Asia, Europe, Contagion
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