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Recession in Euro-Area Still Affects CESEE Countries

Published: March 7, 2013; 19:20 · (Vindobona)

According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.

Recession in Euro-Area Still Affects CESEE Countries / Picture: © Flickr

The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in 2013. By and large, those countries are small open economies held hostage to the excessive fiscal austerity pursued in the euro area and the sluggish progress on the part of its policy-makers in adequately addressing the structural roots of the crisis. At the same time,…

This article includes a total of 742 words.

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