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EBRD predicts moderate pick-up in region's economies
It forecasts growth to average 2.4% in 2017 and 2.8% in 2018 but warns of uncertainties
Add BT as a preferred sourcePublished Wed, May 10, 2017 · 09:50 PM
London
THE European Bank for Reconstruction and Development (EBRD) predicted on Wednesday that its region's growth would pick up moderately as stable commodity prices supporting Russia and surrounding countries offset headwinds in Turkey.
The EBRD - which operates in 36 countries from eastern Europe to Morocco and Mongolia - trimmed the projections from its last round of forecasts in November, striking a cautiously positive tone though warning of increasing economic and political uncertainties ahead.
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