Ok! am very much fin-challanged as you can find from d ha-lal street:D
Reading about subprime crisis while having a cuppa tea (v apprehensive yet.... :( coz been strictly told not to eat/ drink anything outside-Gawd! whts gonna happen when I travel to Mumbai and then baahar :P - need to get well soon)
The risk is from a slowdown in the US and euro areas, resulting from housing and financial problems
Asia after the subprime crisis.
Reading about subprime crisis while having a cuppa tea (v apprehensive yet.... :( coz been strictly told not to eat/ drink anything outside-Gawd! whts gonna happen when I travel to Mumbai and then baahar :P - need to get well soon)
The risk is from a slowdown in the US and euro areas, resulting from housing and financial problems
Emerging Asia’s economies have been among the most dynamic in the world in the last decade. Today, the region accounts for almost half of global economic growth. Much of this success stems from broad reforms by these countries in the last 10 years. These have led to healthier financial and corporate sectors and more robust macroeconomic policy across the region. The recent financial turbulence, still playing out across the globe, highlights the question of just how vulnerable the region remains to developments in the US and other industrialized nations.
What, therefore, are the key strengths and vulnerabilities of the region today? And what challenges are Asia’s policymakers likely to face in the period ahead? The International Monetary Fund’s (IMF) Asia and Pacific department addresses these issues in detail in its Fall 2007 Regional Economic Outlook.
Asia after the subprime crisis.