EBRD launches Transition Report 2009
By: James Bregman, Web Manager
Posted on | November 2, 2009 | No Comments
Today the EBRD published its annual Transition Report, which covers the past year’s developments in countries of the EBRD region and analyses their macroeconomic performance and transition to market economies.
The question this year has been whether that transition is itself in crisis. The answer is “no”, according to Chief Economist Erik Berglof, who launched the report. “The fundamental growth model for the region remains intact. However, the crisis has highlighted weaknesses. There are lessons to be learnt.”
Our report concludes that while the economies of the transition region have been dealt a severe blow, the transition process itself will survive the onslaught of the worst global economic downturn in generations. Questions were also raised about the growth model both for countries in central and southeastern Europe, where rapid expansion was fuelled by financial integration, and for commodity-rich countries further east whose growth has depended on income from natural resources. Visit our main website to read or order the report or get an overview from this launch presentation.
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