The Eurozone is back in recession and this second downturn is wide-ranging with little support of aggregate demand, according to the Manufacturers Alliance for Productivity and Innovation (MAPI) “European Industrial Outlook,” a report covering 14 major industries.
The report separately analyzes Western Europe and Central Europe. The former generally comprises the 17 countries of the currency union (eurozone), while the latter includes the three largest economies of Central and Eastern Europe (CEE3): the Czech Republic, Hungary, and Poland....
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