EBRD Cuts Economic Outlook Forecasts for 2015, Expects Contraction in Russia
ISTANBUL--January 29, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The European Bank for Reconstruction and Development (EBRD) has cut its growth outlook for 19 of 35 member countries. According to a statement from EBRD, the bank expects economic output to contract 0.3% in 2015 in member countries, having previously forecast growth of 1.7%. If its forecast proves to be accurate, it would be the first decline in output since 2009.
Within this article: Growth outlook by the European Bank for Reconstruction and Development.