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Regular version of the site

Book

Economic Update - Hungary, Turkey, Romania: Paths Start to Diverge

M.: Sberbank CIB, 2014.
Gavrilenkov E., Stroutchenevski A., Konygin S.
Under the general editorship: E. Gavrilenkov.

Hungary, Romania and Turkey, which previously had much in common (including huge external imbalances), now seem to be following different paths. Hungary was able to orchestrate a fast but painful transition to a positive current account (and thus stabilized its external debt/GDP ratio), Romania's current account deficit has decreased, although the balance remains negative, and Turkey is still struggling to finance its external deficit of over 7% of GDP.

Economic Update - Hungary, Turkey, Romania: Paths Start to Diverge