Structural reforms still needed

May 06, 2010
From wire reports

RIGA - The recovery of Eastern European economies remains “fragile” even as the worst of the crisis may be over, says rating agency Moody’s Investors Service, reports Bloomberg. The recovery is based on exports, while lagging domestic demand is making the region dependent on growth in Western Europe, notes senior analyst at the rating company’s sovereign group Dietmar Hornung. The countries may also suffer from an increase in interest rates, which will make them &ldquo ...

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