Asia-Pacific firms borrow less amid debt crisis fears
By Henry Sanderson and Shelley Smith | China Daily | Updated: 2010-05-28 07:48
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Nouriel Roubini, professor at New York University's Stern School of Business, signs copies of his book during the 2010 Milken Institute Global Conference in Los Angeles. Singapore's trade ministry said downside risks had intensified on May 20 after Roubini said fiscal problems may push Europe into a "double-dip" recession. Jonathan Alcorn / Bloomberg |
BEIJING - Asia-Pacific companies are borrowing less for expansion on concern Europe's debt crisis may cut export demand, hampering banks' efforts to revive loan markets shuttered in the global credit freeze.
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