Don't expect an end to Asia's financial and economic problems until second-half 1999
By Staff -- Purchasing, 11/5/1998 2:00:00 AM
Don't expect an end to Asia's financial and economic problems until second-half 1999 at the earliest, says Joe Elling, senior economist at the Weyerhaeuser forest products company. Not only will it take time for Japan, South Korea, and the smaller Asian nations to work out their fiscal woes, he worries that China's economy will weaken next year. "I'm somewhat concerned that the world is viewing China too optimistically," Elling says. "They have some of the same sorts of banking and fiscal problems that have caused the decline in the economies in other parts of Asia."
Talkback
Does Asian outsourcing still make sense?
03/24/2009More chips for Asia
08/30/2006Orders increase in Asia
06/03/2009
Sponsored Links
Now Playing: 