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Monday, April 14, 2008

Rising Costs Show Risks To Romania and Turkey

"Rising Costs Show Risks To Romania and Turkey
By Christopher Emsden
Word Count: 499

Inflation in Romania and Turkey is rising faster than elsewhere in Europe, underscoring how second-round effects from high food and oil prices spread more rapidly in emerging economies with high reliance on debt, while raising the risk of hard landings for the economy."

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