Eastern Europe, CIS face slower growth-EBRD report

EASTERN EUROPE - Eastern Europe and the former Soviet Union face a sharp reduction in economic growth and a growing imperative to step up the pace of reform, the European Bank for Reconstruction and Development said on Apr 22.

The EBRD kicked off its annual meeting against a difficult backdrop of declining global economic growth and imbalances such as current account deficits, especially among nations being groomed to join the European Union.

In the annual update to its transition report, whic