The European Bank for Reconstruction and Development (EBRD) has revised up economic forecasts for 2018 as a broad-based recovery continues across its regions, bolstered by stronger investment activity and higher exports. After suffering acutely during the global financial crisis, countries where the EBRD invests initially struggled to get back on a path to growth. But recovery took hold in earnest during 2017.
With expansion now seen in every one of the EBRD’s economies this year and next, the Bank’s new Regional Economic Prospects report is predicting average growth of 3.3 per cent in 2018, an upward revision of 0.3 percentage points …read more
Source: Emerging Europe