FX.co ★ Slovakia's Current Account Surges to 88M in February 2024

In a significant economic development, Slovakia's current account experienced a notable increase in February 2024. According to the latest data updated on April 19, 2024, the country's current account indicator rose to 88 million after previously stagnating at -15 million in January 2024. This surge in the current account signals a positive shift in Slovakia's balance of trade, reflecting an increase in exports or a decrease in imports. The improved current account balance can have a favorable impact on the country's overall economic stability and growth prospects. Analysts will be closely monitoring future data to assess the sustainability of this positive trend in Slovakia's current account.