Emerging Europe: Lessons From the Boom / Bust Cycle

iMFdirect submits:

By Ajai Chopra, Deputy Director - European Dept.

Almost unnoticed, amidst the difficulties in western Europe, the other half of the continent has begun to recover from the deepest slump in its post-transition period. The emerging economies in central and eastern Europe will grow by 3¾ percent this year and next—a relief after the 6 percent decline in 2009.

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