The Azerbaijan State News Agency

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EAST EUROPE GROWTH FACES RISK FROM WEST, EBRD SAYS

Baku, May 17 (AZERTAC). The Greek debt crisis that`s threatening to break up the Euro zone may spill over to Eastern Europe and spoil the region`s fragile recovery, the European Bank for Reconstruction and Development said.

The London-based EBRD raised its 2010 economic growth forecast for the 30 countries it invests in to 3.7 percent on average from 3.3 percent predicted in January. Still, it warned that the struggle to contain a debt crisis in Western Europe may stall the region`s growth, especially in the Balkan peninsula.

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