Tax cuts, lower interest rates to combat Sar-hit economy: official

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The government is expected to announce soon a series of measures including tax and interest rate cuts to reduce operating costs as the Sars outbreak bites the fragile economy, a top government official said today.

"Our main concern is the Severe Acute Respiratory Syndrome (Sars). It is having a negative multipling effect o­n the economy. The economy is in need of urgent new impetus," the official told AFP o­n condition of anonymity.

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