Czech C/A Deficit Narrows in December
The Czech Republic's current account deficit narrowed significantly to CZK 7.77 billion (EUR 32.7 million) in December, from CZK 27.3 billion in the same month of the previous year, the central bank announced.
The goods and services swung to a surplus of CZK 11.5 billion from a CZK 7.4 billion gap and the primary income shortfall went up to CZK 21 billion from CZK 18.3 billion.
Meanwhile, the secondary income switched to a CZK 1.8 billion surplus from CZK 1.6 billion gap.
Considering 2022 full year, the current account deficit jumped to CZK 380.1 billion from CZK 51.1 billion in 2021.
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