Eurozone breakup occupies thoughts of Asian managers
In the second of a three-part series on Asian expectations for the crisis, we hear Harvest call for a controlled eurozone breakup and the ADB evaluate policymakers' position in the region.
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The effects of the eurozone crisis on Asia could be severe, but policymakers in the region are well placed to do something about it, says the Asian Development Bank (ADB).
In its analysis of the potential spillover effects of Europe’s sovereign debt crisis and US economic slowdown on Asia, the ADB modelled three scenarios: eurozone recession; US and eurozone recessions; and global economic crisis.
The worst-case global crisis resulted in a 1.8 percentage point cut in the ADB’s b…
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