Asian Governments should stay on alert for financial downturn: UNESCAP
UNESCAP is issuing a warning to Asian governments to reduce exposure to the impact of a sudden or unexpected market downturn, urging a mood of protection and preparation rather than the celebratory atmosphere of today’s prosperity.
Asian countries have to stay alert despite the lull in financial markets recently, says UNESCAP in a new report: “The Calm Before the Storm? Managing the Risks of an Asia-Pacific Financial Downturn”.
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David Lazarus, Chief, UN Information Services Bangkok