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Corner has been turned, says IMF

Sep 02, 2010
Staff and wire reports

RIGA - The economic crisis in the Baltics, the region which suffered the European Union’s worst recessions last year, is easing and the growth prospects are looking up, the International Monetary Fund said on Aug. 26, reports Reuters. The pace of expansion will depend on how quickly the trio of states, which are still feeling the effects of a painful fiscal adjustment, can develop their export sectors and further improve their competitiveness, a senior IMF official said. The Baltics s ...

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