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Eastern Europe's economies expected to feel credit pinch

Article Abstract:

The European Bank for Reconstruction and Development has indicated that the global credit crisis will slow down Eastern Europe's economic growth next year, 6.1% in 2008 compared with 7% in 2007. However, growth will continue to be robust in comparison with past rates since the end of communism beginning in 1989.

Author: Hannon, Paul
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Eastern Europe, Comparative analysis, Economic indicators, European Bank for Reconstruction and Development

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Switzerland ends tightening policy, maintains rates

Article Abstract:

The Swiss National Bank maintained interest rates amid the global credit crisis, but will continue to target 2.75% for its benchmark rate. The no-change decision ends a trend of tightening over the past two years.

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Commercial Banks, Product standards, safety, & recalls, Switzerland, Standards, Banking industry, Swiss National Bank

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