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To: John Hunt who wrote (15818)	6/1/1998 7:18:00 AM
From: John Hunt	Read Replies (2) of 18056

Forecast - Hard landing for Asia as growth shrinks biz.yahoo.com << Economic growth across Asia is grinding to halt as the fall-out from last year's currency crisis settles across the region, and economists are slashing forecasts for gross domestic product (GDP) on a regular basis. The problem is that domestic economies have not been dug out of a hole by a boom in exports, even though Asian goods are much more competitive abroad given the 15 to 80 percent drop in the value of regional currencies from pre-crisis levels. ''In the aftermath of the Asian currency devaluations last year, many commentators in the West and Asia expected a wave of cheap Southeast Asian and Korean exports to come crashing onto the shores of the G7 markets,'' said Santander Investment economist Nicholas Brooks. "They're still waiting." >>

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