@RalfRivas Here are some numbers from the BSP on banks' experience during the Asian financial crisis. BSP's Lyn Javier notes that the creation of special purpose vehicles helped banks recover. She also noted that non-performing assets build up over time. | via @RalfRivas .
Thailand’s economy sees biggest second quarter contraction since Asian financial crisis
#Thailand #GDPshrank 12.2% in Q2, the #biggestdecline since Asian financial crisis in 1998, official data showed Monday. Mass protests spread nationwide demanding current Thai government to resign, dissolve parliament and hold new elections.
Thai economy sees biggest contraction in Q2 since 1998 Asian financial crisis
Thai economy sees biggest contraction since Asian financial crisis in second-quarter
🌏Global growth has incinerated, and the numbers paint a grim picture. In the Philippines, GDP shrank 16.5% from a year earlier, the biggest plunge ever Indonesia recorded a fall of 5.3%, the most since the Asian financial crisis
Is Turkey at risk of a 1997-8 Asian-style financial crisis? According to the numbers, yes 1/
Just published: Realizing Indonesia’s Economic Potential. The book gives a holistic view on Indonesia’s economic progress and challenges 20 years after the Asian financial crisis. Free download until the end of 2018. #Indonesia #IMF_VTI
Ringgit falls to weakest level against US dollar since 1998 Asian financial crisis, with US$1 = RM4.4805