And the prospect of a US interest rate hike is stoking fears of a long-term slowdown in the region as a whole.

美国加息的前景正在煽起市场对整个地区的长期经济下滑的担忧。

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However, government data Thursday showed gross domestic product expanded just 4.5% in the October-December quarter, about half the rate of growth seen in early 2011, stoking worries that a recovery could take longer than expected.

WSJ: Moody's: India's Budget Targets Optimistic