manna for bears

Doug Henwood dhenwood at panix.com
Mon Sep 20 10:10:08 PDT 1999


Rakesh Bhandari wrote:


> >From the FT:
>
> > The biggest culprit in the current account deficit was a continuing
> > imbalance in goods and services, as a hoped-for increase in exports
> > to recovering Asian economies failed to materialise.
>
>Which says quite a lot about the weakness of the Asian recovery, no?

Business Weak says that the recovering Asian economies aren't showing much interest in imports so far, preferring local products. Who knows if that's true.

Doug



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