Sunday, May 20, 2007

Growth to moderate in transition economies: EBRD

(Reuters) - Economic growth in 2007 is projected at 6.5 percent in the 29 transition countries it tracks, up from a November estimate of 6.0 percent growth.




Spurred on by industrial revival, foreign direct investment and rapid credit growth on both the consumer and corporate level, growth reached a record 6.9 percent in 2006 versus 5.8 percent in 2005.


Read more at Reuters.com Business News

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