Deteriorating investor confidence hits regional markets | Eurobank
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Macroeconomic conditions in New Europe continue to improve in the second quarter of 2010. High frequency indicators suggest that the economic rebound remains on track. However, the ongoing fiscal crisis is casting doubts over the sustainability of economic rebound. The region’s high growth correlation with the crisis-hit EMU economies and country-specific domestic fragilities are likely to keep market participants on edge in the short-term.