At the same time, however, this country-by-country approach contains a certain risk: the risk of overlooking fundamental economic developments that take place elsewhere and might affect the CESEE region as a whole. Developments in Russia, and even more so in China, seem to fall into this category.
Specifically, the chart shows the responses of firms across broad European regions to the question: “Would you say that the availability of bank loans has improved, remained unchanged or deteriorated for your enterprise over the past six months?”. Yellow areas indicate that firms see a deterioration in availability.