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Economy

20 years after crisis, economists see a hardier Southeast Asia

Survey highlights reforms since 1997 currency chaos -- and unfinished business

Thai baht notes. Regional efforts to promote financial stability have paid off.

TOKYO -- Southeast Asian countries deserve high marks for their development since the Asian financial crisis of 1997, according to a new survey of prominent local economists.

Ongoing reforms have helped the economies achieve strong growth rates, while becoming more diverse and resilient, the economists said in the JCER/Nikkei Consensus Survey, conducted from March 10 to 30. Various measures have also enhanced the stability of the region's financial systems, helping to avert a repeat of the crisis, the respondents said.

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