SINGAPORE: Asian governments face a balancing act as they fight accelerating inflation while economic malaise in the U.S. and turmoil in financial markets threaten to dim the region's growth.
Global stocks were battered this week by the first-ever downgrade of the U.S. credit rating and indicators pointed to stalling recoveries in the U.S. and Europe that could erode demand for Asia's exports of cars, gadgets, clothing and other goods.
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