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Poland c/a deficit larger than forecast

Figures

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Poland's current account posted a EUR 1.827 billion deficit in July of 2021, switching from a EUR 650 million surplus in the same period of the previous year and well above a EUR 150 million shortfall, the country's central bank said in a statement.

The goods account recorded a EUR 714 million gap, compared to a EUR 766 million surplus in July 2020, as imports jumped 22% while exports rose at a softer 14%.

Also, the services surplus narrowed to EUR 1.464 bln from EUR 1.844 bln; the primary income deficit widened to EUR 2.472 bln from EUR 1.943 bln and the secondary income shortfall advanced to EUR 105 million from EUR 17 million. 

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