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World Bank: EU's newest members return to growth

World Bank: EU's newest members return to growth

The World Bank says the 10 Eastern European nations that have joined the EU since 2004 are seeing economic growth again for the first time since the start of the global financial crisis in 2008.
It says the countries recovered from a 2.1 percent slump in output in the last quarter of 2009 to a 0.8 percent rise in the first quarter of 2010.
But in a summary of a study which will be published next week, the World bank calls the recovery "weak."
It said Friday the countries will not see pre-crisis growth levels until next year "and for a few it is likely to take slightly longer."
The 10 nations are Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia.


Updated : 2021-07-27 16:57 GMT+08:00