Asia: Social Backlash

Economies are on the brink of depression--and the resulting popular rage could force leaders to pull back from reform

Depression. It's a term that conjures up such nightmarish images that few economists dare use it for fear of provoking panic. But whether or not it is yet appropriate to use the word depression to describe Asia's worsening economic crisis, that's exactly what it is starting to look like on the ground.

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