Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Economic activity lost some momentum in Q3, according to an advanced estimate, with growth more than halving as the favorable base effect receded. Nevertheless, growth remained relatively strong, buoyed by solid household spending and exports. Turning to Q4, the economy appears set to end the year on a strong footing. In October, the manufacturing PMI inched up slightly on stronger growth in output and demand, while retail sales hit a five-month high, indicating continued growth in consumer spending. However, a rapid uptick in inflation could weigh on activity in the final stretch of the year, although a recent temporary tax cut on fuel, gas and electricity should help soften the impact on households. Meanwhile, tensions at the border with Belarus have the potential to escalate further, with the Belarussian government threatening to cut off Russian gas supplies to Europe if more EU sanctions are imposed.

Poland - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-0.6  -0.5  0.0  -1.0  0.5  

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Poland Current Account Chart

Poland Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Poland and FocusEconomics calculations.

Poland Facts

Value Change Date
Bond Yield2.07-0.30 %Dec 31
Exchange Rate3.79-0.53 %Jan 01

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