Inflation in Eastern Europe

We keep seeing this term - "global crunch." Its not an economic collapse, but it appears to be a very significant period with much restructuring going on. Its like the way business is supposed to be conducted for the next period of years. The model is getting overhauled.

The figures also indicate that the economies of Ukraine and Russia in spite of inflation are doing reasonably well compared to the USA...

AP: EBRD: Inflation hitting Eastern Europe hard

Rising inflation is severely hurting Ukraine and other Eastern European nations, while the global credit crunch will slow growth in those countries dramatically in coming months...

"Inflation, now in double digits in many countries, is the region's most pressing current problem..."

Overall growth of 6 percent is expected in Eastern Europe this year, compared with 7.3 percent in 2007...

Neighboring Russia, meanwhile, will continue its rapid oil- and gas- fueled economic expansion, with growth expected to reach 7 percent this year...