According to EBRD report, positive dynamics is predicted in eastern Europe as well as the Caucasus right after the 2016 stagnation. However, EBRD forecasts that recession are going to be continued in Azerbaijan and Belarus. The region’s averaged economic growth are going to be 1.1% in 2017, down 0.6% compared to 2016.

The Region’s highest economic growth is forecast in Georgia, Moldova comes second with 3%, Turkey C 2.6% and Armenia C 2.5%, Russia C 1.2%, Ukraine C 2%, Belarus and Azerbaijan C 0.5%.