Asian Economies Are Struggling — Again

Law360, New York (November 13, 2013, 2:11 PM EST) -- It isn't the financial crisis of 1997 by any means, but the economies in Asia are struggling — again.

The Japanese yen, Indian rupee and the Indonesian rupiah have depreciated 30 percent on average in the last 24 months. Growth rates for India and Indonesia that were around 9 percent and 7 percent, respectively, two years ago have dropped off significantly, with India now at half that rate. Two of the once mighty BRIC economies (Brazil, Russia, India and China) are now included as part of...
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