MarketWatchAsian economies were hit hard by Lehman Brothers’ sudden collapse, which not many saw coming. And they have bounced back from the global crisis unleashed by that event.
In contrast, the euro-zone crisis has been playing out in slow motion for three years now. But a bad outcome for the region’s crisis could still deliver a hard blow, from which recovery will be slower, Credit Suisse economist Robert Prior-Wandesforde wrote in a report Wednesday.
Wandesforde estimates that Singapore, Hong Kong and Taiwan – the region’s most open or export-dependent economies – are likely to take the biggest economic hit in either of the two scenarios the research brokerage has considered....Full story
