Which Southeast Asian country experienced the most severe political and economic collapse during the 1997 Asian Financial Crisis?

Indonesia experienced the most severe collapse during the 1997 Asian Financial Crisis. Its currency, the rupiah, lost over 80% of its value, inflation skyrocketed, and millions lost their jobs. The crisis also caused widespread protests and political instability, leading to the resignation of President Suharto after over 30 years in power.

Answered by Sefton | 2025-05-26