Looming US recession will have worse impact than 1997 Asian crisis: economist


	Looming US recession will have worse impact than 1997 Asian crisis: economist

rmowery

3-24-2008 1:01 PM

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tags:

economy depression, asian, asia market crash, us

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/aa458c85-4132-4de4-8e2b-83722e978c4a/BB8353DA-2878-4359-A7FA-F9634BE20FCA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.abs-cbnnews.com/storypage.aspx?StoryId=112666" href="http://www.abs-cbnnews.com/storypage.aspx?StoryId=112666" style="font-size: 11px;">www.abs-cbnnews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.abs-cbnnews.com/storypage.aspx?StoryId=112666"><SPAN class="headline" id="UsrStory1_lblTitleArticle">Looming US recession will have worse impact than 1997 Asian crisis: economist</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.abs-cbnnews.com/storypage.aspx?StoryId=112666"><FONT size="2" face="Arial">Expect the coming months to be tough, warned an economics professor. And the tough times may start next month. </FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.abs-cbnnews.com/storypage.aspx?StoryId=112666"><FONT size="2" face="Arial">"It's going to be a hard year for us. Everyone will be affected. And the hurt will be deepest among the low-income families," Ernesto Pernia, a professor of economics at the University of the Philippines and former economic chief at the Asian Development Bank told abs-cbnnews.com/Newsbreak in an interview. </FONT></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BB8353DA-2878-4359-A7FA-F9634BE20FCA/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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