The International Monetary Fund has made available the December 1997 issue of the World Economic Outlook. This report contains the interim assessment by the IMF staff on the financial turmoil in Asia and its implications on global and regional economies. The report discusses the events leading up to the Asian financial crisis and how the crisis evolved; it also assesses the spillover effects from the Asian crisis to the developed economies. Revised estimates for global growth rates in light of the Asian crisis are provided.
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IMF World Economic Outlook Interim Assessment: Crisis in Asia: Regional and Global Implications