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Asia crisis eyed as world trade slump feared
The Institute of International Finance warned that south east Asia’s currency crisis could widen the U S trade deficit by 35 billion dollars and lower U S growth by about 0 7 percentage points. It projected a 41 billion dollar loss for Japan and a 39 billion drop in Europe’s trade with slower growth.
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Washington
South Korea
Indonesia
America
Institute of International Finance
Institute
U.S
United States
Japan
Europe
Asia
Federal Reserve
Thailand
China
Hong Kong
Clinton
Mexico