Global risks testing Central and Eastern European economies Low economic growth in the US and the eurozone, strong concerns about inflation, high lolatility in financial markets and a general repricing of risk are the main characteristics of the global environment. Q1 GDP growth settled at 2.5 % yoy in the US and at 2.1 % yoy in the eurozone, and expectations point to a further slowdown, with 1.4 % and 1.7 % growth for 2008 as a whole, respectively, and 2.0 % and 1.6 % for 2009. Oil prices
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