PRAGUE, Aug 1 (Reuters) – The downturn in Polish and Czech
manufacturing came close to stabilising in July, tempering
analysts’ fears that a worsening euro zone economy will strangle
growth in the region.
The European Union’s emerging eastern states are struggling
to avoid being sucked into the resurgent crisis in the single
currency area, where a looming recession has smothered demand
for their exports and undercut growth.