Word: asia
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Dates: during 1990-1999
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LINK SNACKS HEADQUARTERS Minong, Wis. 1996 REVENUES Over $50 million MARKETS Asia, Europe and North and South America
...HEADQUARTERS Bethesda, Md. 1996 REVENUES $75 million MARKETS Middle East, Southeast Asia and India8...
...outlook would be brighter still without the currency crises in Southeast Asia that have thrown economies and financial markets into chaos. Though the 7% break in the U.S. stock market on Oct. 27 was "a greatly exaggerated reaction," in the words of Robert Hormats, vice chairman of Goldman Sachs International, the turmoil will hurt American exports and the profits of U.S. companies heavily invested there. But strong growth at home and in other big U.S. markets--Canada, Mexico and Europe--should offset much of the damage...
Even so, board members agree that forecasts of U.S. output next year need to be lowered half a percentage point or so. Post-Asia, Carl Weinberg, chief international economist of High Frequency Economics, a market and economic analytical firm, foresees a 2.5% rise in gross domestic product, down from 3.6% this year but near the pace many economists think can be sustained year after year. He expects inflation to creep up--but from only...
Longer-range, the worries for the U.S. economy are more global than homegrown. Japan is the major world trouble spot. Since 1990, it has suffered from sluggish output growth, a stock-market depression and a credit crunch. Now chaos in Southeast Asia endangers Japan's exports and loans to the area. Japanese investors, desperate to raise cash, might someday dump holdings of American securities; that would knock down stock and bond prices and shoot up U.S. interest rates. Weinberg sees a 1-in-100, but rising, chance of that happening--but contrasts that with a 1-in-1 million risk...