International Herald Tribune, 26 Jan 2009, The Associated Press
SINGAPORE: Governments across Asia have pledged a combined $700 billion in stimulus spending and central banks have slashed interest rates to spur growth and cushion the blow of plunging export demand from the West.
Will the moves stave off a lengthy regional recession?
Much depends on how Asian consumers and businesses respond to the stimulus measures — which range from construction projects in China to create jobs to cash handouts and loan guarantees in Singapore.
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