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Asia hit with demand shock due to European crisis?
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« Luigi Zingales on how to restore competitionGovernment 1, Private Sector 0 »

Asia hit with demand shock due to European crisis?

05/30/12


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Asia hit with demand shock due to European crisis?

Permalink 06:43:12 am, by editor of MarketObservation.com Email , 100 words   English (US)

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Categories: Economics Europe, Economics Global, Economics Asia

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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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