World Business: Steeled For Recession 12/12/08

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Uploaded by on Dec 17, 2008

World Business: The global credit crunch is ruthless, even hammering commodity stocks which until recently were powered by strong demand from Asias emerging economies. But the commodity super-cycle has collapsed aggressively and the outlook for 2009 is weak. All eyes are now on China, to see if Beijings 600 billion dollar stimulus package will boost the value of fundamental resources.

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