South East Asian economies have had it rough. Not long after they start recovering from the Asian cr...
South East Asian economies have had it rough. Not long after they start recovering from the Asian crisis of 1998 and 1999, they have to undergo yet another crisis caused by falling exports to the US. Repercussions from the US economy have been keenly felt by some of the South Asian economies. Malaysia's manufacturing sector, which makes up two-thirds of GDP, fell for the eighth month in a row, by 12.6% in October. Malaysian chipmakers are hurt by the fall in demand from the US and exports slid 13% in October from a year earlier. The economy shrank 1.3% in the third quarter compared to a y...
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