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Russian woes could force unemployment up

Sep 24, 1998

VILNIUS (ELTA) - Although things have been steady until now, Social Security and Labor Minister Irena Degutiene said the Lithuanian economy will start to feel the full impact of the Russian financial and political crisis in three or four months.The minister forecast that the official unemployment level could reach 8.5 percent by March 1999 instead of the 7 percent predicted earlier, due to the crisis in Russia. On Sept. 1, unemployment in Lithuania stood at 5.4 percent. The minister said that wh ...

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