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France 24
France 24
Business
Charles PELLEGRIN

New EBRD report shows contrasting fates of former Eastern bloc economies

EBRD Beata Javorcik FRANCE 24 Caucasus Central Asia GDP the Soviet Union Turkey Ukraine
BUSINESS DAILY © FRANCE 24

The European Bank for Reconstruction and Development (EBRD), founded to help build up market economies in the wake of the fall of the Soviet Union, has issued a new growth forecast for the region. It predicts that Ukraine will see its GDP increase by 3 percent in 2024. Speaking to FRANCE 24, the EBRD's Chief Economist Beata Javorcik explained the reasons for this as well as how increased Russian trade and remittances boosted the economies of Central Asia, the Caucasus and Turkey.

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