forget the CAD...for now

Good news all over, right?
Estonia – Current and capital account in surplus by EEK 1.2bn in May,
Latvia – Current account surplus reaches 2% of GDP during Jan-May,
Lithuania – Current account surplus at 0.4% of projected GDP during Jan-May

Its obviously all bittersweet. In Estonia the main contributor was 90% decline in goods account deficit. The brakes are on and it shows. Exports still decline at lower pace than imports -30% v.s. -40%, which nowdays is something to be proud of. So, yes, for now its mostly about what we dont do anymore.