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The European Bank for Reconstruction and Development announced on Thursday that it has reduced its 2009 growth forecast for eastern Europe and the former Soviet Union from 3% to under 2%, news agencies reported from London on Thursday.
In its November forecast, the bank projected GDP growth in the countries it covers to slow to 3% in 2009 from an estimated 6.3% in 2008 and from 7.5% in 2007. (MTI-Econews)