The European Bank for Reconstruction and Development (EBRD) has revised down its 2026 growth forecast for the economies where it invests to 2.5 per cent, before an expected pick-up to 4.0 per cent in 2027, according to a press release published on 24 September 2026. The 2026 projection has been cut by 0.6 percentage points relative to the June forecast, while the 2027 outlook has been raised by 0.4 percentage points. The findings appear in the Bank's latest Regional Economic Prospects report, titled "Running dry". It flags tighter financing conditions, persistent inflation and pressure on energy and water resources. Together, these forces are exposing vulnerabilities across the EBRD regions.