EBRD economies to slow sharply in 2009

The EBRD said growth in the EBRD region was likely to fall sharply in 2009 in the face of global economic slowdown and financial market turbulence and it urged the countries where it invests to place a high priority on the stabilisation of their banking systems.

The EBRD’s Transition Report 2008, which tracks the economic performance and progress on reforms across EBRD countries, predicted overall growth would fall to 6.3 per cent in 2008 from 7.5 per cent in 2007 and drop further to 3.0 per cent in 2009.

• Primary Source

ESO: Background information: Transition Report 2008: Growth in transition http://www.europeansources.info/record/transition-report-2008-growth-in-transition/

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