Thu, 13 Jan 2011: Growth prospects good for Eastern Europe…



“Emerging markets have solid growth stories and are not directly weighed down by peripheral issues,” the expert pointed out. Europe’s developing nations will grow 3.1 percent this year, according to forecasts by the International Monetary Fund. That’s more than double the 1.5 percent eurozone expansion shown in a Bloomberg survey of economists. Credit-default swaps on junk-rated Ukraine and Romania are among the world’s best-performing government-linked contracts in the last three months, while Greece, Ireland and Spain are the worst performing, CMA prices show. Investors are shunning the debt of countries including Spain and Portugal as austerity measures fail to reassure bondholders that they can meet t... Read the rest of this entry »

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