Recession likely to hit Asia

Jim McCafferty from RBS explains why Asia is not immune to deteriorating economic conditions in the West and which industries in Asia will bear the brunt.

Expectations of a global recession are increasing as economic indicators continue to deteriorate across the developed world. Asia’s impressive recovery from the last financial crisis has not immunised it to the problems, though specialists are still debating the likely extent of the contagion.

“If the US and Europe go further into recession, there is a good chance Asia will slip into recession as well,” said Jim McCafferty, product manager from the Asia equity research...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS