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Annual Meetings: Europe and Central Asia Economic Update

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Uploaded by on Oct 3, 2009

World Bank economists note in concrete, dire numbers what people across emerging Europe and Central Asia are living with daily: The financial crisis in the region is far from over.

The numbers are bleak. 11.4 million across the region are unemployed, as opposed to 8.3 million last year.

Poverty rates will rise by 15 million...before the crisis hit, economists figured 15 million people would climb out of poverty this year.

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