olatility РWhat our metrics may not capture: materialize. РThe quality of quantity: A great example is the ‘improvement’Рin Hungary that our metric of the change in the current Рaccount deficit captures. However, the move in the current Рaccount shows severe pression and deleveraging Рpressures, rather than an improvement petitiveness. РThe same strong deleveraging pressures make Hungary Рstand out as least exposed in "excess credit", but aggressive Рdeleveraging is actually one of Hungary's most serious Р Р2Р We also use the average credit rating from the three main rating agencies as Рa way to anchor the level of countries’ economic performance. Even though this Рis double-counting in a sense, it is only one of 12 metrics we use and thus has a Рlimited impact on the overall ranking. Р 10
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