Ukrainian Conflict Is Infecting Regional GDP, EBRD Says - Bloomberg:
"Five months of deadly fighting in Ukraine is curbing eastern Europe’s growth prospects, the European Bank for Reconstruction and Development said.
Gross domestic product in the 31 emerging European economies where the bank lends will grow an average 1.2 percent this year as the recovery in the euro area with which many nations have strong trade and banking ties remains “fragile,” according to an e-mailed report released today. Growth will pick up to 1.5 percent in 2015, marking the fifth consecutive year with expansion of less than 3 percent, the lender said.
“The continuing crisis between Russia and Ukraine is weighing on the economies of the EBRD region, with only a modest recovery expected in 2015 after a sharp slowdown in growth this year,” the bank said. “The volatile security situation in Ukraine makes the forecasts exceptionally uncertain.”"
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