The European Bank for Reconstruction and Development warned that recovery in Central and Eastern Europe will be weak and risks being sabotaged by banking crises. The region will average a GDP growth of 2.5% next year, the agency said. "There is a tendency to equate 'normal' growth with the boom phase of 2006 to 2007, but I don't think we will return to that for a long time, if ever. And I don't think we should as that was unsustainable," said Jerome Zettelmeyer, the agency's director for policy studies. The Guardian (London) (15 Oct.)
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