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The US government's budget deficit came under fire on Wednesday from two global institutions saying a plan to halve the record gap by 2009 may not be enough to stop long-term damage to the world economy.
HIGH liquidity, stronger currencies and robust domestic growth will keep Asian stock markets buoyant next year notwithstanding anticipated interest rate hikes and political concerns in certain parts of the region. Investor interest will also be shifting from cyclical I>beta/Istocks to those with long-term growth potential.