31.   Pilipino Telephone, whose shares have been battered in recent days on concerns over its ability to pay its mounting debts, led the recovery Tuesday.

32.   Japan is under pressure to rejuvenate its moribund economy so it can lead a recovery of the embattled Asian economies.

33.   Manufacturing exports are expected to lead the recovery, with domestic demand picking up later.

34.   Ms Tang said the government should adjust its view that recovery would be led by the private sector.

35.   Officials trying to lead their recovery, however, are beginning to focus on the equally difficult problems of the future.

36.   Officials trying to lead their recovery, however, are beginning to focus on the future.

37.   Suharto led the recovery from economic collapse at the end of the Sukarno era, developing an infant base behind a wall of protective trade barriers.

38.   The Asia Pacific market is leading the recovery.

39.   The study expected an Asian recovery to be led by exports, but noted that an expansion of exports has yet to happen.

40.   He said exports, especially in the IT sector, would lead economic recovery in the second half to make up for the slowdown in consumption.