EBRD: Growth to come

Central and eastern Europe can look forward to more growth long term, according to Erik Berglöf, chief economist at the European Bank for Reconstruction and Development. He tells Ralph Atkins, capital markets editor, that although the EBRD's forecast for the region has turned gloomy – in large part due to eurozone fallout – he thinks there is still much convergence growth to be had in this part of the world.