Euro may rise by as much as 10% by year's end
To justify their claims, experts point out that across the whole region the current account deficits are growing with Poland suffering EUR 2.3 billion in the red, while economists were anticipating EUR 1.7 billion.
"This trend will deepen," said Marcin Bilbin, analyst with Pekao SA. A lot depends on whether investors will transfer their funds from CEE markets to the US market after gaining some faith that the American economy has passed the worst of the financial storm.
However, a weaker złoty is good news for exporters, as this will help many of them to pull back from the brink of the bankruptcy.
Source: Rzeczpospolita
"This trend will deepen," said Marcin Bilbin, analyst with Pekao SA. A lot depends on whether investors will transfer their funds from CEE markets to the US market after gaining some faith that the American economy has passed the worst of the financial storm.
However, a weaker złoty is good news for exporters, as this will help many of them to pull back from the brink of the bankruptcy.
Source: Rzeczpospolita
