Bank Governor sees improving borrowing conditions

Oct 01, 2009
From wire reports

VILNIUS - Lithuania’s central bank Governor Reinoldijus Sarkinas believes that the current recession, the deepest in the European Union, is “close to bottoming out and the economy may start growing next year if trade demand continues to gain strength, reports Bloomberg. He expects that “Under positive external conditions, a recovery, even if at very low growth rates, may begin next year.” The economy is expected to contract further, by 4.3 percent, in 2010 as the country adapts to stri ...

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