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Polish current-account in surplus for first time in 22 years: daily

PR dla Zagranicy
Grzegorz Siwicki 14.02.2018 12:30
Poland last year recorded a current-account surplus rather than deficit for the first time in 22 years, a newspaper has reported, citing official balance-of-payments data.
Photo: HypnoArt/pixabay.com/CC0 Creative CommonsPhoto: HypnoArt/pixabay.com/CC0 Creative Commons

According to the latest statistics from the National Bank of Poland (NBP), after years of deficits, Poland’s current account showed a EUR 346 million surplus in 2017, the Puls Biznesu business daily reported on Wednesday.

Poland previously recorded an annual current-account surplus in 1995, the daily said.

The latest data shows that the Polish economy is in equilibrium and that positive changes are taking place in it, according to Puls Biznesu.

Marcin Mazurek, an economist at mBank, told the paper that the surplus “is in general good news” and that “the Polish economy is now almost perfectly balanced.”

The composition of Poland’s balance of payments is changing, chiefly thanks to services, Puls Biznesu noted.

"The balance on services today is several times higher than just a few years ago,” the paper said. “This fundamentally changes the state of play and reflects the changes that have taken place in the Polish economy recently.”


Source: Puls Biznesu, TVP Info, forsal.pl

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