Advertise On EU-Digest

Annual Advertising Rates

8/14/12

Romania out of recession, Czechs, Hungary fall deeper

Romania pulled itself out of recession in 2012's second quarter but the Hungarian and Czech economies contracted further as their powerhouse industrial sectors fell victim to a Euro Zone crisis that has already hit the region's consumers.

The single currency area's deepening slump has cut demand for exports in the European Union's manufacturing-heavy eastern states, where governments have also embarked on austerity measures that have hit other potential drivers of growth.

Read more: Romania out of recession, Czechs, Hungary fall deeper | Reuters

No comments: