Last year Developing East Asia recorded its highest growth rate in over a decade (10.2 percent), capping a decade of improvements following its home-grown financial crisis in 1998. Yet this is hardly a time for celebration, but rather one for concern. The global economy is once again facing a testing time, with soaring fuel and food prices, on the one hand, and, on the other, an unfolding sub-prime crisis emanating in the United States and spreading...
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DETAILS
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2008/04/01
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Working Paper
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43432
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1
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1
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2010/07/01
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Disclosed
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East Asia : Testing times ahead
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financial turmoil
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Citation
East Asia : Testing times ahead (English). East Asia and Pacific Economic Update Washington, DC: World Bank. http://documents.worldbank.org/curated/en/914941468234279719