Economics
East EU's Economic Growth Slows as Export Demand Deteriorates
- Slowdowns in Romania, Slovakia exceed economists’ projections
- Hungary is outlier in region, posts fastest growth since 2004
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Economic growth in the European Union’s eastern wing mostly slowed in the last quarter of 2018 as output was affected by slowing export demand from the euro zone.
The slowdowns in Romania and Slovakia exceeded economists’ estimates, according to data released by national statistics offices Thursday. Poland’s expansion decelerated less than projected, while growth in Bulgaria remained unchanged. Hungary was an outlier with growth advancing to the fastest pace since 2004. Czech data due Friday will probably show the slowest of the group, although it will be double the pace in the euro area, which is seen expanding 1.2 percent.