Investors may emerge to pick up bargains following US rate cut INVESTORS across Asia stared in disbelief as stock markets yesterday haemorrhaged for a second day running on fears that a recession in the United States might plunge the world into its worst financial crisis in decades. The fears prompted the US Federal Reserve to slash its federal funds rate target by 0.75 percentage point to 3.5 per cent...
Asia Economy
Asia is not likely to suffer a downturn over the next two years if the US does not fall into a full blown recession, Lehman Brothers forecast in its outlook for 2008. Investors all across Asia may be nervous about the outlook for the US economy, but the financial services firm is taking a positive stance. Lehman Brothers' global chief economist Paul Sheard said, "A lot of people, of course, are focusing...
Asian economies face a challenging year in 2008 but as a group they are still expected to show growth of 10 to 12 percent. This is the forecast from HSBC in its latest report on the region. However, a recession in the US could knock off a few percentage points off Singapore's economic growth. With a US recession on the horizon and the US sub-prime mortgage crisis still taking its toll, HSBC is...