Coronavirus brings recession to CEE

Erste Group
By March 24, 2020 08:05

Coronavirus brings recession to CEE

Eurozone in recession, CEE as well

The spread of coronavirus to Europe and exponentially rising number of infected people forced the introduction of preventive measures to reduce its speed. CEE countries have done so at a relatively early stage, but the effect still has to be seen with some delay. In the meantime, events are cancelled, schools, restaurants, theaters and cinemas are closed. Travel is banned. Wherever possible, teleworking has been introduced. Temporary disruptions in production have begun to be announced by almost all car producers in CEE, due to preventive measures or delays in deliveries. 

 

Erste Group
By March 24, 2020 08:05

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