Asia's economic woes impact on global outlook

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Updated December 23, 2008 12:38:15

Asia's ability to rescue the rest of the world from a protracted and deep recession is increasingly in question. Japan is in recession, China's central bank has cut interest rates for the fifth time since September and a many Australian businesses are planning to axe jobs in the new year.

Presenter: Corinne Podger
Richard Martin, chief economist at IMA Asia

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