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| Author: | Powell, B. |
| Title: | U.S. Slowdown is Strong Medicine for Asia |
| Journal: | Fortune
2001 : FEB, VOL. 143:3, p. 18-19 |
| Index terms: | ASIA CURRENCY STOCK MARKETS |
| Language: | eng |
| Abstract: | The author states: East Asia exported its way out of the last currency crisis. Now it must take its licks. The true heroes of East Asia's recovery from the 1997 currency crisis - credit card - wielding Americans with insatiable appetite for imports - finally seem tapped out. That means that no matter how often Federal Reserve Chairman Alan Greenspan cuts rates in the next few months, Asian economies will falter this year. The only question is how much. Weak stock markets across the region show that investors fear there's no guarantee of a soft landing in the U.S. |
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