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Up becomes down

Ryan Hahn's picture

And Moldova becomes one of the world's most stable economies. That, at least, is the world according to The Banker magazine, which recently ranked countries based on how protected they are from the global slowdown:

Moldova has been ranked fifth, well ahead of powerhouses like Japan and the United States, in an index compiled by London-based magazine The Banker that rated countries on how well-protected they are from the slowdown.
 
The index concluded that the very reasons that have made Moldova an economic laggard — a primitive financial system, low levels of lending and an economy based on farming — now make it well-placed to withstand the slump.

(Hat tip: Eternal Remont

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