Recession in Asia unlikely: Lee

Independent Bangladesh
13th Feb 2008
Agence France-Presse . Singapore

Asia will not tip into recession even though the United States economy is faltering, Singapore's founding father Lee Kuan Yew was quoted as saying on Tuesday.

'This is quite remarkable for it will be the first time that when the American economy slows down and reduces imports from Asia, Asia will not go into recession,'

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