Until mid-1997, the tigers of Southeast Asia were the envy of the economic kingdom. So what happened? It’s not a simple “tail” to tell.
It has been said that, ‘”Forecasters may never be right, but they are never in doubt.” Not with a good model by their side, that is.
Adam M. Zaretsky
All of the stops and starts the national and regional economies made in 1998 were enough to make a drum major dizzy.
Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.