Period of high financial risk to suppliers on the horizon
Resilinc
AUGUST 9, 2022
In the 2008-2009 recession, export-dependent countries in Asia suffered a 15% drop in GDP in Q4 2008 due to their dependence on export markets, according to IMF analyses. growth in 2009 thanks to its enormous financial stimulus package). China suffered only briefly, returning to 8.7%
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