After the forced devaluations in Thailand and the Czech Republic this summer, analysts began to wonder which currency would next come under attack.
Poland was top of many people’s lists. Stable though its economy appears, the trade and current-account deficits are both on the increase. Estimates put this year’s current-account figure at under 4.5%, and next year’s at a little over 5%. Since this summer’s floods, however, the estimates have risen by at least one percentage point.
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