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The aftermath of the Currency Crisis
The currency crisis of Asia was severe but gladly it was short lived. It had not exerted a long-lasting impact on the economies of affected countries (Dunn, 2001). The crisis resulted into the severe economic recession in 1998. However, the income growth continued to increase at a high speed in 1999. Following table shows the growth rate in GDP in Asian countries. The recession was observed in 1998, after that the countries started to experience an increase in the growth rate.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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