Deutsche Welle: Eastern European economies show signs of recovery

Luni, 17 august 2009, 13:57 English | Regional Europe

After Western countries started to show signs of recovery, Eastern and Central European countries seem to follow the same trend, Deutsche Welle reads. However, some still have difficulties in reaching normalcy. Quoted by DW, analysts consider that the economic recovery for Baltic states will be very slow.

Poland and Slovakia managed the situation much better in the second quarter, compared to the first one, analyst Aurelian Dochia declared for AFP. He added that Baltic countries will take longer to recover while countries like Romania, Bulgaria or Hungary are somewhere in the middle.

Romania's economy shrinked by 1.2% in the second quarter compared to the first three months of the year, which represent an improvement, if we are to compare it to a 4.6% GDP decrease in the first quarter.  However, Bucharest authorities face huge budgetary constraints. The government is compeled to sent in forced holiday all budget employees for 10 days.