The Czech Republic has run into its third straight quarter of economic stagnation, with the economy faltering by 0.2 percent in QII 2012, compared to the first three months of the year. Technically its been on this course for three months longer than Hungary, which saw its economic output drop for the second straight quarter. Both economies, however, are thought to be suffering under impact of economic austerity measures and uncertainty over the Eurozone crisis.
Romania, on the other hand, saw its economy grow by 0.5 percent. That’s 1.2 percent higher than the second quarter of 2011 but the IMF has still cut its growth predictions for 2012 to just 0.9 percent — down from the 1.2 percent growth it originally envisioned.
