Tehran Times, 11 Oct 2008, Reuters
SINGAPORE (Reuters) -- The problems afflicting U.S. and European banks will hurt Singapore and other emerging Asian economies for at least a year, Prime Minister Lee Hsien Loong said on Friday.
“Asian countries cannot avoid the impact of weakening U.S., European, and Japanese economies. We must prepare for a rough ride at least over the next year, and quite possibly longer,” Lee said at a meeting of Indian expatriates in Singapore.
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