The bank said in its latest Global Development Finance report that in 6 developing countries in Europe and Central Asian region will see growth while 13 will see recession in 2009.
Uzbekistan (4.5%) will enjoy the fastest growth and Latvia will suffer the worst economic recession (-13%) in the region in 2009.
Azerbaijan will lead the CIS countries for growth in 2010 and further consolidate its position in 2011.
Country |
2008 |
2009 |
2010 |
2011 |
Azerbaijan | 10.8 | 3.3 | 5.2 | 9.0 |
Albania | 6.0 | 1.5 | 2.0 | 3.0 |
Armenia | 6.8 | -6.0 | -2.0 | 1.0 |
Belarus | 10.0 | -3.3 | 2.6 | 4.4 |
Bulgaria | 6.0 | -1.5 | 1.5 | 3.0 |
Croatia | 2.3 | -3.0 | 0.3 | 3.0 |
Georgia | 2.2 | 1.0 | 2.0 | 4.0 |
Kazakhstan | 3.0 | -1.5 | 1.5 | 3.0 |
Kyrgyzstan | 6.6 | 0.5 | 2.5 | 3.5 |
Lithuania | 3.0 | -10.0 | -2.5 | 2.5 |
Latvia | -4.6 | 13.0 | 3.0 | 2.6 |
Moldova | 7.0 | -3.0 | 2.0 | 4.0 |
Macedonia | 4.9 | -1.2 | 1.0 | 2.0 |
Poland | 4.8 | 0.5 | 0.9 | 3.5 |
Romania | 7.1 | -4.0 | 0.5 | 2.5 |
Russia | 5.6 | -7.5 | 2.5 | 3.0 |
Turkey | 1.1 | -5.5 | 1.5 | 3.0 |
Ukraine | 2.1 | -9.0 | 1.0 | 3.5 |
Uzbekistan | 9.0 | 4.5 | 5.0 | 6.5 |
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