1997 Asian financial crisis
The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided.
1997 Asian financial crisis - Wikipedia Jump to content From Wikipedia, the free encyclopedia Regional financial crisis that struck East and Southeast Asia in 1997–1998 1997 Asian financial crisis Annual growth of GDP per capita in affected countries from 1995 to 2000 Rioters in Jakarta , during the May 1998 riots of Indonesia The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial cont
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