After a torrid run over the past five years, things are looking on the up for Emerging Europe. Of course, the region will remain vulnerable to events in the euro-zone. However, so long as the single currency bloc avoids a relapse in growth, we think the recovery seen in Eastern Europe over the second half of 2013 should continue this year. That said, growth in the region's two largest economies, Russia and Turkey, is likely to disappoint.
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