News:Argos:East Europe seen avoiding currency crunch

The translation will be webified

Several economies in Eastern Europe with large current account deficits are set to slow, but should avoid a severe and long-lasting recession or currency crash, the chief economist for the European Bank for Reconstruction and Development said in an interview.

Ukraine, Serbia, Romania, Bulgaria and Croatia all have large gaps between the value of what they sell to, or earn from, the rest of the world, and what they buy from or transfer to it. In some cases, their current account deficits are close to 10% of gross domestic product.

The Wall Street Journal



Experienced professional translators - Guarantee of quality - Express service - Best price - FREE customized quote by e-mail in 2 to 12 hours.