US Subprime Crisis Impact on Asia

World Bank forecasts trying times for Asian economies in 2008

Developing economies in East Asia, including Indonesia, Malaysia and Thailand, will grow at their slowest pace in six years in 2008, according to the latest forecast from the World Bank. It said growth is being dragged down by the US sub-prime mortgage crisis and a drop in exports to the US. The World Bank also warned that governments in the region need to be watchful over rising inflation. Trade with the...

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