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Audio – Part One: E.European economies have weathered credit crunch, but seen slowing – IMF
East European economies have weathered the global credit crunch so far, but they are becoming increasingly vulnerable and governments must tighten fiscal policy to avoid overheating, said Christoph Rosenberg, Senior Regional Representative Central Europe and Baltics at the IMF during his presentation at the Reuters Central European Investment Summit.
Recent events also highlighted downside risks for the region, said Rosenberg.
In its a report on the world economic outlook published on Wednesday, the IMF said it had revised downward all of its 2008 GDP forecasts for EU members in east Europe, with the exception of Lithuania which remained unchanged.