CESEE: Recovery Remains Modest

Businessn.a. ♦ Published: January 23, 2014; 06:10 ♦ (Vindobona)

The European Bank for Reconstruction and Development (EBRD) has published a report on the regional economic prospects. The economic recovery in CESEE remains fragile.

CESEE: Recovery Remains Modest / Picture: © Vindobona.org

A recovery this year in the regions where the EBRD invests is expected to be slow, despite improvements in the world’s most advanced economies, including in the United States and the Eurozone.

The EBRD’s economists see growth in the transition region of a modest 2.7 per cent in 2014, virtually unchanged from the November forecast, and after expansion of 2.0 per cent in…