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Polish c/a switches to deficit in February

Debt

Photo by ratmaner/Shutterstock.com

Poland recorded a current account deficit of EUR 2.871 billion in February, from a EUR 276 million surplus in the same month of the previous year, the central bank said.

The goods account balance was at a EUR 1.741 bln gap, swinging from a EUR 683 million surplus in the prior year.

At the same time, the primary account gap widened to EUR 2.51 bln from EUR 2.047 bln and that on the secondary account widened to EUR 873 million from EUR 587 million.

On the other hand, the services surplus expanded to 2.253 bln from EUR 2.227 bln. 

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