Philippines, India, China, Ukraine, Russia, Irelands have reasons to rejoice. US Federal reserve's more than expected 0.5% cut in the benchmark interest rate will work as an instant tonic for US economy and thus they will spend more on outsourcing. (In other way also, in case the rate would have gone up, to lessen the expenditure wont they be looking at outsourcing as the saving messiah? The difference is, without rate cut it would have been a negative approach and now with 0.5% rate cut, it would be a positive way to look at life and business with objectives of expanding it bigger). Broadly, now US economy is stimulated with the interest rate cut. 
American companies have any way begun to outsource more work in the recent past in a bid to reshape the entire cost structure of the value chain. The rate cut would definitely help the economy to sail over the sub-prime crisis but outsourcing inclined companies have started doing post damage calculation about what led to the crisis and should what measures be taken to avoid similar situations in future.
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