Denmark has just become Europe's first recession casualty.

http: / /www .reuters .com /article /marketsNews /idUSL011228620080701

Who next Spain, Ireland, UK??? I would say all three within the next 12months.

One thing that caught my eye -

'Poland's reading for the manufacturing sector shrank for the second straight month in June and the Czechs showed their third deceleration in growth.'

I though Poland and the Czech Rep were going from strength to stregth despite problems in more westerly countries. Anyone read any more

Anyone read any more..... into this?

Hi Tom


The Czech Republic recored a higher than expected trade surplus in May rising to 9.22 billion crowns while economic growth was 5.3% in the first quarter of the year.

Compare this to figures in some of those western countries...