East Europe Growth Is Worst Among Emerging Nations, Capital Says

Eastern Europe will recover more slowly than other emerging economies as the euro region’s recession curtails export demand and bank funding, according to Capital Economics Ltd.

Expansion in eastern Europe and Turkey will average 1.8 percent this year after an estimated 2.5 percent in 2012, compared with 4.5 percent and 5 percent for all emerging economies, Capital said today. The region will grow 2.5 percent next year, half the emerging-market average, it said.