The latest disappointing purchasing managers index (PMI) manufacturing figures out of the eurozone were "surprisingly weak", according to T. Rowe Price.
Ken Orchard, manager of the T. Rowe Price Diversified Income Bond fund, said the issues were likely a combination of "idiosyncratic regional issues", such as Brexit alongside more general concerns around global growth.
Manufacturing PMI stood at 47.8 in April, according to Trading Economics, which - though up on March's figure of 47.5, was still the second-lowest reading since April 2013 and business confidence fell to its weakest since 2012, against a backdrop of political concerns, from Brexit to the US/China trade war and protectionism.
Yet Orchard said whatever the reasons for the poor numbers, it is unlikely the European Central Bank (ECB) will be putting up rates any time soon, which would boost relative growth in Central and Eastern Europe (CEE).
"The combination of strong local growth and the continuation of a dovish policy environment in the neighbouring eurozone should mean good opportunities to invest in CEE will continue to arise," he said.
Meanwhile Rollo Roscow, emerging market equities fund manager at Schroders, said: "Weak PMIs out of the eurozone are generally not good for CEE nations due to the strong trade links.
"However, ECB monetary policy is very important for the direction of monetary policy in CEE. Low rates will help allow for continued low borrowing costs to support general activity and keep the euro weak stimulating eurozone exports."
Here they outline the prospects for some of the major CEE economies.