Eurozone breakup occupies thoughts of Asian managers

The effects of the eurozone crisis on Asia could be severe, but policymakers in the region are well placed to do something about it, says the Asian Development Bank (ADB). In its analysis of the potential spillover effects of Europe’s sovereign debt crisis and US economic slowdown on Asia, the ADB modelled three scenarios: eurozone recession; US and eurozone recessions; and global economic crisis. The worst-case global crisis resulted in a 1.8 percentage point cut in the ADB’s b…