1/25/2010

EBRD: Turkey will be the fastest growing country in Eastern Europe

 

AA - The European Bank for Reconstruction and Development (EBRD) estimated that Turkey will be the fastest growing country in Eastern Europe in 2010.

 

In its twice-yearly report on 29 countries in which it invests, EBRD has revised upwards its 2010 and 2011 growth forecast for the region that includes countries from Central Europe to Central Asia, including Turkey.

 

EBRD has revised its 2010 growth forecast for Turkey from three percent to 4.7 percent with expectations for capital inflows following a recent rating upgrade. The bank has predicted that Turkey will continue to grow in 2011 with an estimated rate of four percent.

 

According to the EBRD prediction, Turkey will be the fastest growing country in the Eastern Europe this year and will be followed by Moldova with four percent, Russia with 3.9 percent, Belarus and Ukraine with three percent, Slovakia with 2.8 percent, Serbia with 2.4 percent and Poland with 2.3 percent.

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