Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
This contrasts with its growth forecast to 1.8% for developed economies, for the same period. This buoyancy of emerging economies goes hand in hand with improvements in the business environment.
Cofac
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