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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (12001)	12/20/1997 7:06:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

IMF warns Asian crisis could deepen further By Adam Entous WASHINGTON, Dec 20 (Reuters) - The financial crisis in Asia could deepen and spread in the months ahead, the International Monetary Fund (IMF) warned on Saturday in a report urging developing countries to brace against the economic fallout. In its interim World Economic Outlook, the IMF slashed its combined growth forecasts for Thailand, Indonesia, Malaysia and the Philippines by a whopping 3.7 percentage points to 1.7 percent for 1998, and said turmoil in Asia would dampen global growth. It predicted growth in Japan of only 1.1 percent in 1998, and said growth in South Korea was expected to fall to 2.5 percent next year from 6.0 percent this year. ''Undoubtedly, people are going to feel the pain of this adjustment,'' IMF chief economist Michael Mussa said at a news conference to present the report. WARY INTERESTING!! biz.yahoo.com Haim