Signs of stabilisation in the Eurozone are reducing the risks facing emerging Europe, leading to cautious optimism that the worst of its problems may slowly be drawing to a close. After a sharp slowdown in economic activity in 2012, the EBRD's economists are expecting a moderate acceleration of growth this year. The Bank's latest economic outlook says, "Downside risks to the outlook have continued to recede as the likelihood of further deterioration of the Eurozone crisis diminishes."
It added, "Growth in the transition region continued to slow down in the third quarter of 2012, but the deceleration is showing signs of bottoming out."
Across the whole transition region, the EBRD
