“Data Dim Hopes Of Asian Stability”
In a November 20 article in The International Herald Tribune, Booz & Company Partner Ed Tse (Asia) said that the Asian economy could take longer than expected to recover in the wake of Japanese exports to the rest of Asia falling in October for the first time in nearly seven years. “We may have passed the highest point of this tsunami by now, but we are not clear of it yet,” said Tse, who is Booz & Company’s Managing Director for Greater China. The news from Asia emerged after the U.S. Federal Reserve drastically cut its expectations for growth in the United States, and after a record sharp fall in the price of consumer goods and services.