From The Nut Graph
By Deborah Loh
YES, we are staring at the gathering clouds of an economic crisis. Sure, economic fundamentals are strong, as government ministers keep saying, but that’s only half the picture.
The other half is the financial scenario, as economic and financial principles are two different things. The sub-prime crisis that began in the US and western countries is essentially a financial problem. But in an interdependent world, a financial crisis in one place could result in an economic crisis in another.
















