Categorized | Finance, General

EU recession over, but sharp contrasts in east

WARSAW (AFP) – The European Union may have inched out of its sharpest recession since the global slump of the 1930s, but green shoots are not emerging uniformly across the 27-nation bloc’s eastern member states. Contrasts are sharp among the 10 ex-communist countries that have joined the EU since 2004. The situation in Poland, the only EU nation to have enjoyed sustained growth this year, compares with the stark lot of countries such as Latvia or Hungary, where the economies have been in freefall

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EU recession over, but sharp contrasts in east

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2010-09-03 16:02