New Europe Quarterly Economic Review | Eurobank
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The year 2008 marks a major turning point for the economies of New Europe as several factors will place them under significant stress. We highlight the worldwide financial crisis and its negative impact on real growth across the globe, the increased uncertainty and the higher risk premia demanded by international investors for channelling financial and real capital into emerging economies and, finally, the upswing in energy and commodity prices that have fed into higher global inflation.