You are here

Indonesia, Malaysia at risk of repeating 1997-98 meltdown

There are worrying signs that original sin is returning, warns Bank of America Merrill Lynch economist

Hong Kong

THE last time South-east Asia mixed a heady cocktail of foreign borrowing with weakening currencies, the hangover was a financial crisis.

Now, Indonesia and Malaysia are at risk of repeating the mistakes that led to the 1997-98 meltdown. After the crisis, economists Barry...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes