Europe's recession deeper, crisis resolution far from over

03/5/2013

Krzysztof Bledowski, Ph.D., senior economist
In this audiovisual presentation, Kris provides detailed manufacturing production by industry forecasts for both the Eurozone and Central Europe. The Eurozone will remain in recession for most of this year, as will the Czech Republic and Hungary. MAPI expects only a gradual improvement in the Eurozone's industrial sectors for 2013. Meanwhile, the Baltics, Slovakia and Poland have remained resilient in the face of headwinds from the financial crisis. All economies in Central Europe are under pressure to consolidate their fiscal accounts, which will further dampen expenditures. Economic Update

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