Economics
East EU Heads Toward Worst Economic Slump Since Communism
- Growth slowed in Poland, Hungary, Romania as Czech GDP shrank
- Officials, companies eye economic rebound at year-end
A pedestrian walks down a deserted shopping street in central Budapest, Hungary, on March 31.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
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Damage from the coronavirus dented the European Union’s fastest-growing region in the first quarter, with most of the bloc’s eastern members tumbling toward the worst recession since the fall of the Iron Curtain.