Asia: The Global Impact

Recovery will take years, and companies everywhere will feel the pain

Six months--maximum. Back in December, when the International Monetary Fund was putting the finishing touches on its $100 billion rescue package, that was the conventional thinking in the West on how long it would take for East Asia to start on the road to recovery. After all, anybody who bet on Mexican stocks when the IMF intervened in February, 1995, would have reaped a 70% gain in just five months. And now the Bolsa Index has tripled in value, to 5000.

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