Economics
East Europe’s Growth Likely Faltered as Debt Crisis Intensified
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Eastern European economic growth probably slowed in the third quarter as Europe’s debt crisis damped demand for exports, the region’s main driver for expansion, and stunted lending by banks.
The Czech and Hungarian economies probably grew at the slowest pace in 1 1/2 years, while Bulgaria’s recovery may have stalled after returning to growth a year ago and Slovakia’s output may decelerate for a second consecutive quarter in the July-September period, Bloomberg surveys of economists show.