41. They attributed the new forecast to weakening consumer demand in Canada, downward price pressures, and restructuring costs. 42. To be sure, domestic consumption could be restricted more than forecast if the U.S. Federal Reserve raises interest rates to moderate inflation, weakening demand for Canadian exports. 43. Worried about slowing export growth, falling foreign investment and weakening domestic demand, the Beijing Government is spending heavily on public construction projects. 44. Zinc and copper prices have been hurt recently by concern that turmoil in the economies of Japan and other Asian countries will further weaken demand for the metals. 45. Zinc and copper prices have been hurt recently by concern that will further weaken demand for the metals. 46. A slowdown in the world economy had weakened the demand for diamonds, while copper and nickel exports had also declined, he said. 47. Also the sharp depreciation of Asian currencies has weakened import demand, and higher interest rates, especially in Hong Kong, have throttled demand. 48. But experts urged caution, saying the U.S. economy could stay sluggish and weaken demand for many of the products exported by Asian nations. 49. Experts in Asia were urging caution, saying the U.S. economy could stay sluggish and weaken demand for many of the products exported from the region. 50. However, experts in Asia were urging caution, saying the U.S. economy could remain sluggish and weaken demand for many of the products exported from that region. |