Poland’s Turnaround Shows Cost of Populism as Hungary Trails
- Zloty hit multi-year highs as Poland pivots to EU mainstream
- Orban’s Hungary is lagging behind in economy, market metrics
Poland’s re-embrace of the European Union mainstream is making it the turnaround story of the year for some investors.
Bets on a successful remake of the EU’s biggest eastern economy by Prime Minister Donald Tusk, who took over in December after eight years of divisive nationalist rule, have become money winners for investors. One of the favorite plays has been to buy the zloty against its regional peer, the forint.