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Strategies & Market Trends : Asia Forum

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To: Ron Bower who wrote (6355)	9/12/1998 9:36:00 AM
From: Robert Douglas	Read Replies (1) of 9980

From your post you quote Rueters in Singapore: The combined economies of Eastern Asia are forecast to contract 0.7 per cent this year, but should return to growth with an 1.8 per cent rise in output next year, according to a poll of 140 economists. The bottom line was that the significant Eastern Asian economies were likely to collectively lose $40 billion in GDP this year. If this forecast is accurate then the whole "Asian Crisis" will have been nothing more than a garden-variety recession. Either popular opinion, or these 140 economists are horribly wrong. Which do you suppose? One more thought. The U.S. dollar is off about 6% from its highs of several weeks ago. This certainly has helped ease the tension on currencies pegged to the dollar. -Robert

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