Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Growth slid to a near three-year low in the third quarter, likely restrained by a lackluster industrial sector, but remained healthy nevertheless as solid wage rises and a record-low unemployment rate supported consumer spending. Further declines in survey-based indicators and in industrial production growth in October point to continued softening at the outset of the fourth quarter. Meanwhile, in early November the government approved a pension reform, which plans to transfer assets accumulated in state-guaranteed private pension funds to individual retirement accounts. The move is aimed at strengthening retirement savings and, in passing, providing the government cash to balance the budget in 2020. Subsequently, on 19 November, the new government won a vote of confidence from Parliament, as had been expected. On that occasion, Prime Minister Mateusz Morawiecki reiterated that the cabinet will press on with judicial reform that has raised concern at the EU’s top court, increasing the likelihood of further clashes with the EU ahead.

Poland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.3  -2.1  -0.6  -0.5  0.1  

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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 Yield2.08-0.30 %Nov 21
Exchange Rate3.89-0.53 %Nov 21
Stock Market57,619-1.13 %Nov 21

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