From Fxstreet.com: The economic downturn has continued to spread around the globe. The latest victim to be hit is Central and Eastern Europe (CEE). Several years of high impressive growth rates have been replaced with a dismal economic performance.
And in our view the outlook for the next couple of quarters does not look bright. An overheated housing market funded in CHF, and governments unable to mitigate the situation make for a very bleak outlook….. Full Article: Source