Poland c/a deficit at record high

Debt

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Poland's current account shifted to a EUR 3.975 billion deficit in December of 2021 from a EUR 751 million surplus in the corresponding month of the previous year, central bank data showed on Monday.

It was the largest gap recorded since at least 2001, as the balance of goods swung into a deficit of EUR 2.535 bln from a EUR 587 surplus.

Meanwhile, the primary income gap expanded to EUR 1.806 bln from EUR 1,350 and the secondary income gap widened to EUR 1,115 from EUR 289 million.

Lastly, the services surplus narrowed to EUR 1.499 billion from EUR 1.803 billion in December of 2020. 

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