S&P Sees Current-Account Surpluses for Spain, Portugal, Ireland
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Standard & Poor’s predicts that Spain, Portugal and Ireland will all have current-account surpluses this year as they reform their economies after the sovereign debt crisis pushed them to seek bailouts.
The forecast is part of a report on countries’ progress in rebalancing growth published today. Since 2008, exports have risen 13.6 percent in Ireland, 4.4 percent in Spain and 4.6 percent in Portugal, according to S&P’s analysis.