AFP, London :
Europe’s development bank on Tuesday upgraded the growth forecasts for the 37 different countries it invests in, with a particularly favourable outlook for Turkey.
The European Bank for Reconstruction and Development (EBRD) said in a statement that growth was “accelerating” in most of the countries it covers in central, southern and eastern Europe, as well as in the central Asian and Mediterranean regions.
While Russia and Central Asia were benefitting from higher oil prices, all of the regions were getting a boost from higher exports, investment and wage growth, helping to put growth on a broader footing.
Europe’s development bank on Tuesday upgraded the growth forecasts for the 37 different countries it invests in, with a particularly favourable outlook for Turkey.
The European Bank for Reconstruction and Development (EBRD) said in a statement that growth was “accelerating” in most of the countries it covers in central, southern and eastern Europe, as well as in the central Asian and Mediterranean regions.
While Russia and Central Asia were benefitting from higher oil prices, all of the regions were getting a boost from higher exports, investment and wage growth, helping to put growth on a broader footing.
