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East EU Finds Positives Despite Worst Slump Since Communism

  • Wealth gaps narrow as western economies suffer even more
  • Exports are also picking up in boost to recovery hopes
Germany-Poland Border Reopens During Coronavirus Pandemic

Photographer: Sean Gallup/Getty Images

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Europe’s east can find some consolation despite the unprecedented economic damage wrought by Covid-19.

Second-quarter data Friday showed countries’ output plunged by between 8% and almost 14% from a year earlier -- the worst slump since communism collapsed 30 years ago.