October 2nd, 2012
04:46 PM GMT
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Editor's note: The Outlook series spotlights a country to give a deeper understanding of the business, industry and consumer trends that fuel its economy. While exploring the current challenges and opportunities facing a country's economic progress, Outlook also seeks to provide an insight into its future development.

(CNN) The phrase "Taiwan miracle" was coined to refer to the island's remarkable economic growth over the last past five decades. Having become a developed economy in just half a century, Taiwan is now facing the challenge of maintaining its position in an increasingly tough global economic climate. FULL POST

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Filed under: Outlook Taiwan


July 12th, 2012
10:03 AM GMT
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(CNN) – South Korea on Thursday cut its benchmark interest rate for the first time in more than three years, fueling concerns that the global economic downturn is taking its toll on one of Asia's largest economies.

Seoul's move followed similar cuts in Europe, China and Brazil last week.

Why did China slash interest rate?

After lowering its rate by 25 basis point down to 3%, the Bank of Korea pointed to a slower-than-expected growth rate in trade and domestic consumption. FULL POST

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Filed under: South Korea


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