PRAGUE (Reuters) – Czech and Polish manufacturing contracted for the 13th month running in April, putting more pressure on reluctant policymakers to spur their economies.
Facing pressure abroad from the slump in their main export market, the euro zone, and at home from falling domestic demand, emerging Europe’s two largest economies are battling a bleak mid-term outlook of weak growth and falling inflation.
PRAGUE, April 25 (Reuters) – Policymakers in emerging Europe
should help banks resolve bad loans and find more local sources
of funding to avoid the cycle of boom and bust fanned by an
ownership model dominated by foreign lenders, the IMF said on
In a report on the banking sector in the European Union’s
eastern wing, the International Monetary Fund said
non-performing loans would continue to rise in some states,
impeding credit flows and denting profits in western banks