Russia’s slowdown overhangs Eastern European growth, but Turkey still sparkles

In geographical terms, most countries in the eastern part of the European continent are classified as developing or emerging economies. IMF forecasts GDP growth of 2.9% for emerging Europe in 2015, hardly rocket-fuelled by comparison with emerging markets in other parts of the world, but certainly faster than the 1.8% growth forecast for the European Union and 1.3% for the eurozone countries.