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The Answers: The Global Economy by Jeremy Kourdi

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CENTRAL AND EASTERN EUROPE (CEE)

2011 and 2012 are the third and fourth years in a row when the Central and Eastern Europe region underperforms other emerging regions. Companies will not be able to rely much on external economic conditions to drive sales growth for a few years. How things have changed! Between 1999 and mid-2008, CEE outperformed all emerging regions and enjoyed an unprecedented decade of fast growth, appreciating currencies and optimism. During that time there were only sporadic slowdowns in a few countries, but on aggregate it was a strong performance. Businesses enjoyed it, sales jumped year on year and new investments were channelled into the region. Foreign direct investment reached an unprecedented $140 billion in 2007, ...

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