Economics
EU's East Loses Economic Momentum as Funds Ebb, Surveys Show
- Romanian fiscal easing boosted growth in first quarter
- Czech, Hungarian, Polanish, Slovak growth seen slower
This article is for subscribers only.
Growth in the European Union’s biggest eastern economies probably slowed last quarter, as household spending failed to offset ebbing aid funds and weakening export demand, surveys show.
Romania will probably be alone in reporting faster annual growth in January-March among five countries in the region preparing to release fresh statistics, according to Bloomberg surveys of economists for each. Even with the lost momentum, set to be the deepest in the Czech Republic, the former communist economies are set to outpace the 1.6 percent expansion predicted for the euro area.