EBRD sees brighter outlook for former Soviet economies

Posted by 7Star Saturday, January 23, 2010

The European Bank for Reconstruction and Development on Friday raised its 2010 growth forecast for the economy of the ex-Soviet bloc - a region badly ravaged by the global economic crisis. "The EBRD has revised upwards its 2010 growth forecasts for the region, reflecting a slightly faster economic recovery than anticipated last October, but with stark variation across the region," the bank said in a statement.

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