According to long-term forecasts by international organizations and private-sector economists, Asia is expected to continue to enjoy relatively high growth and thus its share in the global GDP will increase steadily.
Credit risk All of the major periods of stress in Australian banking have been caused by credit losses. In the most recent episode - in the late 1980s and early 1990s - banks wrote off over $ billion in loan losses. There have been recent comments from some bankers and others that lending standards are slackening once again, perhaps threatening another such round.