Word: hypergrowth
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Dates: during 1997-1997
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...Hypergrowth in Southeast Asia has been the reliable news for decades, but suddenly the old assumptions are not so certain. Thailand this year has suffered a currency run a la Mexico and for similar reasons: overspending, a loss of competitiveness and the perception that its currency was overvalued. As the Thai baht slid 25% against the U.S. dollar over the past 12 months, other currencies also fell. Then stock markets swooned. Economist Behravesh predicts little growth (1.5%) this year in Thailand, after an annual average of 9% for the past decade. But it will rebound to 3% in 1998. Indonesia...
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