The current account balances among some of the most troubled European regional economies have snapped back faster than many would have expected in the depth of...

John Robertson

PortfolioDirect

The current account balances among some of the most troubled European regional economies have snapped back faster than many would have expected in the depth of the European financial crisis. Growth is one aspect of the European recovery where there is some evident improvement but the current account deficits, an indicator that goes to the heart of many of the problems these economies faced, show more dramatic changes. The improved external positions remove some pressure for more austerity measures which takes away a growth dampener all of which helps create a more benign cycle and a more sustainable growth outlook.


John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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