‘Considering that Fitch expects these tendencies to continue, this could support positive rating actions in the medium-term’, states the evaluation agency, according to AGERPRES.
As Fitch mentions, in the four CEE states, the current account balance either shifted from deficit to surplus (as in the cases of Hungary, Slovenia and Slovakia, either it was significantly reduced (as in the case of Poland), due to solid exports following the expansion of the industry sector, the weak internal demand compared to the period before 2008, and the reduction of oil prices and raw materials.
For more information, please see the Romanian version of the article, here.
