Eastern Europe and central Asia are at risk from a deepening debt crisis in the euro area and a pickup in inflation stoked by a recovery in consumer demand, the European Bank for Reconstruction and Development said.
The EBRD raised its 2011 economic growth forecast for the 29 countries in which it invests to 4.6 percent from 4.2 percent predicted in January, the London-based bank said today in a report distributed at its annual meeting in Astana, Kazakhstan. It expects growth to slow to 4.4 percent next year.
The EBRD raised its 2011 economic growth forecast for the 29 countries in which it invests to 4.6 percent from 4.2 percent predicted in January, the London-based bank said today in a report distributed at its annual meeting in Astana, Kazakhstan. It expects growth to slow to 4.4 percent next year.
