An unfortunate case (270)
The writer has the current situation summed up correctly:
The good news is that many Asian governments have latitude to boost public spending, while central banks have scope to cut interest rates. The bad news is that the absence of large domestic consumer markets will make those efforts less potent. Nothing would restore Asia to health faster than an export recovery. One is unlikely to happen anytime soon.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOqrGtgTtplA
Soros also notes, quoted in the same commentary:
Soros, in his June 20 interview, called the crisis the most serious in his 78 years. “This is the end of an era,” he said. “The question is what’s going to come out of it in the future.”
I just want to know what the proposed engines of growth are.
The writer has the current situation summed up correctly:
The good news is that many Asian governments have latitude to boost public spending, while central banks have scope to cut interest rates. The bad news is that the absence of large domestic consumer markets will make those efforts less potent. Nothing would restore Asia to health faster than an export recovery. One is unlikely to happen anytime soon.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOqrGtgTtplA
Soros also notes, quoted in the same commentary:
Soros, in his June 20 interview, called the crisis the most serious in his 78 years. “This is the end of an era,” he said. “The question is what’s going to come out of it in the future.”
I just want to know what the proposed engines of growth are.

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