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Southeast Asia shrugs off the 1997 financial crisis

Economists see a stronger region, but challenges still remain

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Thousands of Indonesians scramble to buy cheap cooking oil from a government agency in Jakarta on Jan. 9, 1998. Rice, sugar, milk, flour and cooking oil all disappeared from the market after the financial crisis broke out.   © Reuters

TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.

That's the prognosis from a prominent group of regional economists in response to a JCER/Nikkei Consensus Survey conducted in March.

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