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Sluggish regional growth expected this year

Jan 28, 2010
Staff and wire reports

RIGA - The EBRD raised its economic growth forecast for the 30 emerging European countries it invests in, tempering this announcement by adding that the region exhibits “stark variations” in the strength of the recovery, reports Bloomberg. The region’s economies will grow about 3.3 percent this year, after contracting about 6 percent in 2009, the bank reported on Jan. 22. This was the second upgrade to its forecast for 2010, as it said in October that it estimated a 2.5 perc ...

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