EBRD cuts Turkey outlook, but sees improving euro zone steadying region

(Reuters) - The European Bank for Reconstruction and Development cut its economic growth projections for Turkey on Tuesday but otherwise barely trimmed its overall view for its regional emerging markets.

Turkey, Ukraine Most Exposed to Crisis Repeat, Goldman Says

Turkey and Ukraine are more vulnerable to a repeat of the 2008 credit crisis than other nations in central and eastern Europe, the Middle East and Africa on concern their balance of payments will hurt financial stability, Goldman Sachs Group Inc. (GS) said.

Turkey has “accumulated substantial external imbalances” and an International Monetary Fund program has been sidelined in Ukraine, economists including Clemens Grafe and Ahmet Akarli said in an e-mailed report today. Russia would also be exposed, though “a more resilient banking system and increased ruble flexibility” should limit the impact, they said.