Current Account Balance Better than Expected in Poland
- New Europe Investor
- December 15, 2015
Poland’s central bank released statistics for October showing the country’s current account balance was higher than analysts’ predictions.
The balance of payments for October was a deficit of €605 million. The number came in €75 million better than Societe Generale, who estimated the balance of payments would be a deficit of €680 million.
Export figures for October were €15.45 billion compared to imports of €15.629 billion, leaving a negative trade balance of €179 million.
Poland’s economy is in good shape with growth expected to top 3.5% in 2015. Similar growth is expected for next year.
The country is currently getting used to a change in government after eight years of Civic Platform rule, with Law & Justice (PiS) taking an overall majority of seats in recent elections.
Earlier in the year, Andrzej Duda won the presidency for the party, taken from Civic Platform’s Bronislaw Komorowski.