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The European Bank for Reconstruction and Development predicted on Wednesday that its region's growth rate would accelerate in 2016 for the first time in six years, boosted by an expected end to recessions in Russia and Ukraine.The EBRD expects Russia's recession to bottom out this year and the economy to return to growth of around 1 percent in 2017 as oil prices recover.Central Europe is expected to pick up to just above 3 percent growth as ultra-low interest rates boost activity. Turkey, now the EBRD's biggest market, should see growth increase to 3.4 percent in 2017 .
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