The Credit Crunch: A View From Indonesia
October 16, 2008 – 2:11 pm by BHAmericans are afraid of another Great Depression as the Wall Street crisis continues to worsen. Meanwhile, many Indonesians are afraid that the 1997 Asian Financial Crisis will happen again if the U.S. economy continues to deteriorate. Indonesia was badly hit during the 1997 economic crisis. Many people can still remember the huge negative impact of the regional recession a decade ago.[…] What are the views of Indonesian bloggers and residents on the Wall Street crash?
Click over to find out. Due note that inflation is already out of control. The outlook for the rest of the world is not good.
