Asia on verge of financial crisis, warns analyst

Asia is on the verge of a possible financial crisis, according to a political analyst, and Malaysia is the third most likely place for the crisis to start.

Rather than a repeat of the 1997 Asian financial crisis that started in Thailand however, the analyst Alastair Newton said the looming crisis would be driven by domestic debt instead of external debt.

This is not 1997 all over again. It is not about external debt.

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