EBRD sees end to recession in eastern Europe

Report of the key findings from the European Bank for Reconstruction and Development's (EBRD) Transition Report 2009 issued in full in November 2009.

It reports that the economies of central and eastern Europe are expected to contract by an average of 6.3% in 2009 following steep output declines in the first half of 2009. Signs of positive growth in the third quarter of 2009 suggest that the recession is now bottoming out in many countries of the EBRD region. However, any upturn in 2010 is likely to be fragile and patchy.

There are likely to be significant cross-country differences in output growth in 2010, masked by an average growth rate for the region of about 2.5%.

http://www.ebrd.com/pages/news/features/crisis.shtml http://www.ebrd.com/pages/news/features/crisis.shtml

EBRD: Press Release, 15.10.09: EBRD revises down 2009 economic forecasts, sees fragile recovery in 2010 http://www.ebrd.com/pages/news/press/2009/091015.shtml

http://www.ebrd.com/pubs/econo/series/tr.htm http://www.ebrd.com/pubs/econo/series/tr.htm

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