Today’s Q2 GDP data paint a picture of weakening growth, with Hungary joining the Czech Republic in recession. For now, the drop in output in both countries seems to have been driven as much by domestic austerity as by weaker export demand from Europe. But with external headwinds likely to build over the second half of this year and into 2013, the growth prospects for the entire region are pretty grim.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services