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A Painful Year Ahead for Asia

Thursday, 1 Jan 2009 | 7:12 PM ET

The 2009 growth outlook for most of Asia Pacific will likely be quite poor, says James McCormack, MD & head of sovereign ratings at Fitch Ratings. He offers his analysis to Michael Yoshikami, founder, president & chief investment strategist at YCMNet Advisors and CNBC's Martin Soong.