Asia's Exporters Feel Europe's Pain

Asian companies selling goods to European consumers are already hurt by the financial crisis that's spreading across Europe.

 

Citing Singapore-based bank DBS, the Wall Street Journal notes that the European Union accounts for around 13% of exports from Asia's 10 largest economies, excluding Japan.

 

Quoting International Monetary Fund's Managing Director Dominique Strauss-Kahn, Journal says that Asia's export-oriented emerging economies have to take measures to "advance their own growth to compensate for a downturn in Europe."

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