Weak Recovery for Balkans only in 2010

According to the European Bank for Reconstruction and Development (EBRD), Balkan economies will further shrink in 2009, albeit at a slower pace. A weak recovery is expected only in 2010. However, the full consequences of the crisis are to be felt only next year as corporate bankruptcies continue and lending conditions continue to be constrained as foreign banks continue to shrink their asset exposure in the region.

Balkan Economies: Fragile Recovery in 2010 :: BalkanInsight.com