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Splendid isolation

London-based emerging market analysts disagree on the question of how much the region, including Hungary, managed to achieve independence from the US economy, i.e. to what extent these economies are able to isolate themselves from the recession in developed countries.

Some of the latest analyses prepared by the global financial service provider group Goldman Sachs state that this time, currencies in the Eastern-Central region, including the forint, suffered far lower depreciation than earlier, however, others doubt that the CEE countries have managed to separate from developed economies. At the same time, it was conspicuous that share market indices in the developing region performed relatively well compared to developed markets and their losses measured in percentage were often smaller than in their developed counterparts. (Gazdasági Rádió)