11. The country avoided default by borrowing billions of dollars from the U.S. 12. Annan appealed to all countries to avoid a new arms race and start negotiating irreversible disarmament agreements. 13. But in an apparent effort to soften the diplomatic impact of the announcements, both countries deliberately avoided mentioning the islets by name. 14. By Mexican standards, the country avoided a recession by posting zero growth last quarter. 15. He also called on all member countries to avoid the dangers of extreme nationalism and become an authentic force for peace. 16. He added, however, that countries should avoid taking sides to tackle the problem. 17. He said he still believed the country could avoid a full-blown recession as long as consumer confidence did not tank. 18. However, the country has avoided the violence that has engulfed much of the former Yugoslavia. 19. Martin Regalia, chief economist of the U.S. Chamber of Commerce, said he was growing more optimistic that the country would avoid a recession. 20. Moerdiono said demands for increased wages was something the country could not avoid. |