[单项选择] In a breath-taking turn of events, Asia’’s economies have gone from miracle to meltdown in a matter of weeks. Many forecasters who recently predicted GDP growth of 6 % in South Korea and Southeast Asia for 1998 are suddenly projecting zero or even negative growth. In the often short-sighted world of international finance, a new conventional wisdom is quickly forming: that inept policy-making is dragging down Asian economies, and that only the tough austerity medicine of the International Monetary Fund, plus a good stiff recession, will bring the region’’s economies back to track. In recent years, foreign and domestic investors in East Asia got a touch of what U, S. Federal Reserve Chairman Alan Greenspan has famously termed "irrational exuberance". Spurred by years of high economic growth in Asia, these investors poured billions of dollars of loans into the region, financing many worthwhile investments but also an unsustainable real estate boom. This over investment need not
A. The Nervous Action of Market Economy.
B. A Vicious Circle Is At work.
C. The Asian Miracle Takes Some Hits.
D. The Prophesies of Financial Doom.

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