MAPI Senior Economist Kris Bledowski sees continued malaise in manufacturing and construction in the Eurozone. Industrial production will fall some 2 percent this year and rise just under 1 percent in 2013. There are, however, large regional differences in economic performance. He reviews economic prospects in the Czech Republic, Hungary, and Poland. Across Europe, though, the external current account remains imbalanced. The upshot is that cross-national differences in competitiveness within Europe have not disappeared with the economic crisis.
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