Rating agencies see signs of stabilization

Mar 04, 2010
From wire reports

VILNIUS - Lithuania’s budget deficit will remain “high” for several years, due to the increasing government debt, which will weigh on the country’s credit ratings, say Moody’s Investor Service. Weak domestic consumption and tightening fiscal policies will delay a sustained economic recovery until the second half of 2010, says Moody’s analyst Kenneth Orchard, reports Bloomberg. Lithuania’s economic recession, the deepest since the fall of communism ...

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