EBRD ups regional 2021 growth forecast to 4.2%, warns of tourism, FDI bumps

The European Bank for Reconstruction and Development (EBRD) raised its growth forecast for the 37 countries in its region on Tuesday, saying the economic recovery was gathering steam though tourism and foreign direct investment were still bumpy. The EBRD, which covers economic trends across Europe, Asia and Africa, expects region-wide growth this year of 4.2% compared to its September forecast of 3.6%, it said in a report. South-eastern Europe and the Western Balkans enjoyed the biggest upward revisions, with nearly 2 percentage points added.



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