Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Last year’s fourth-quarter slowdown confirmed widely-held expectations. Although fixed investment growth moderated, domestic demand remained a force to be reckoned with. Household spending remained in the driver’s seat despite decelerating somewhat amid slower employment gains. Notably, a pullback in the Eurozone failed to bruise export growth. Available first-quarter data, meanwhile, suggests that last year’s industrial-sector woes persisted at the outset of the year. Eyeing last year’s impressive fiscal outturn and this autumn’s parliamentary elections, the Law and Justice (PiS) government unveiled an additional PLN 40 billion (EUR 9.3 billion) spending plan on 23 February. The expanded “Family 500+” program is expected to boost household spending and should effectively cushion this year’s cool-off without stretching the fiscal deficit beyond EU-mandated limits.

Poland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.3  -2.1  -0.6  -0.3  0.3  

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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

Bond Yield2.88-0.30 %Mar 11
Exchange Rate3.82-0.53 %Mar 11
Stock Market59,470-1.13 %Mar 11

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