OECD says recession is improbable

Growth dynamism may slow, but there will not be recession, according to the 6-monthly report published by OECD.

The Eurozone will get through the present money-market crisis without major scars. Public deficit has to be decreased in the CEE region, and national markets have to be promoted. Though in a slightly slower pace, expansion will continue in the fast-growing countries including China, India, and Russia. The Czech Republic is facing major slowing in 2009, and Hungary’s development will probably catch up with it within two years. Inflation is supposed to represent major risk in Poland and the Czech Republic. (Napi Gazdaság)

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