Claws or Jaws; Asia's Economies  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8748 (Aug. 2011), page 56-57.
Topik: Economic Recovery; Recessions; International Trade; Central Banks; Monetary Policy

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The Thai economy, like many in Asia, sprang free from the great recession surprisingly quickly. This year the bigger threat has been the widening jaws of inflation. With that in mind, the Bank of Thailand raised interest rates on August 24th for the ninth time since mid-2010. But it was a split decision. The economic woes of America and Europe have darkened Asia's mood. Some can again hear the tiger's growl. After last year's swift recovery from recession, policymakers in developing Asian countries congratulated themselves on the resilience of their economies. Their docile banking systems, high saving rates and hoards of foreign exchange shielded them from the worst of the financial chaos. That resilience may be tested again sooner than anyone would have liked. In announcing its latest rate decision, the Bank of Thailand noted the dangers posed to the economy by a slowdown in America and Europe.

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