A rerun of the 1997 Asian Financial Crisis? HSBC's chief economist sees significant similarities
5 Articles
5 Articles
HSBC Chief Economist Frederick Neumann highlighted the similarities between the 1997 Asian financial crisis and the current situation.
The Asian financial crisis ended in 1997 with several economies in the region falling into recession, after markets were overrun by severe currency collapses, capital flight, and bank failures. Almost three decades later, Asia's financial environment appears to be surrounded by features that resemble [...] the article does Asia's financial crisis recur with returns rising and double yen?
HSBC Chief Economist Frederick Neumann stated that US bond yields, the movement in the Japanese yen, and the tech enthusiasm are reminiscent of the pre-1997 era. However, he pointed out that the real risk facing Asia this time lies in a completely different area.
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