Eastern Europe to Western Europe as the main market, while Western European exports to Eastern Europe. By the international financial crisis, trade between the West and Europe shrinking, further exacerbating the economic recession in Central and Eastern Europe. While the Central and East European countries do not like Western European countries that can produce billions of financial funds to stimulate domestic demand.
First-quarter GDP data, although Eastern Europe is not a phenomenon in the Baltic countries and Ukraine as a terrible double digit economic recession, but the decline in further deepening but there is no question about it.
Slovenia's first-quarter GDP decline 8.5% per annum. This in Central and Eastern European countries in the highest per capita GDP (per capita 18196 euros) at 16 years, the most severe recession. The Government of Slovenia is expected to decline in annual gross domestic product (GDP) 4%.
Romania and Hungary in the first quarter of the gross domestic product (GDP) decreased 6.2% per annum respectively and 6.7%. These two countries from the International Monetary Fund (IMF) had about 200 billion euros of aid funds mainly for the stability of the banking and monetary system.
Czech first quarter GDP decline 3.4% achieved the highest on record. Particularly frustrating is that, in the fourth quarter of 2008 amended by Czech GDP growth declined by 0.1 0.7% becomes%. The Czech paradise is no longer, as the gross domestic product (GDP) for two consecutive quarters of decline means recession.
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