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“The negative outlooks reflect the heightened downside risk of an abrupt slowdown in capital inflows and a costly macroeconomic adjustment” |
That’s the conclusion of Fitch Ratings, which is warning that widening current account deficits in several countries in the region pose a threat to their economic stability. The London-based ratings agency recently slashed the outlooks on its ratings for Bulgaria, Estonia, Latvia and Romania from stable to negative, principally as a result of growing trade imbalances.
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