The European Bank for Reconstruction and Development
released its latest transition report on Thursday for the
economies of eastern Europe and...
...the former Soviet Union.
The global credit crunch could hit longer term growth in the
region and more structural reforms are needed, the EBRD -- the
development bank for the region -- said.
Growth in the 29 transition countries tracked by the EBRD
may reach a record high of 7.0 percent in 2007, up slightly from
6.9 per cent in 2006. But the EBRD forecast growth falling to
6.1 per cent in 2008, as woes in the U.S. sub-prime mortgage
sector drive up external borrowing costs.
To read Reuters stories on the issue, please click on the
codes in the brackets below:
> Credit crunch may hit E.Europe,CIS growth -EBRD[ID:nL08544095]
> Southeastern Europe leads in reform speed-EBRD [ID:nL0754518]
> TABLE - EBRD economic forecasts for 2007/2008 [ID:nL0870055]
> E.Europe housing boom likely unsustainable-EBRD[ID:nL08675858]
> Currency boards likely to stay in e.Europe-EBRD[ID:nL08908814]
For latest major stories on emerging markets [ID:nTOPEMRG]
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