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Poland: Foreign Trade Growth Slows Down
The negative balance on the current account amounted to EUR 1.2bn as compared with EUR 1.9bn in December 2011.
Poland: Foreign Trade Growth Slows Down / Picture: © Wikimedia Commons / Keith Skipper [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]
On 12 February, the National Bank of Poland released preliminary data on Poland's balance of payments in December 2012. According to the figures, goods exports were 0.2% down on the December 2011 level while imports had risen by 0.4%. The deficit on the trade account exceeded EUR 1.2bn.
Service earnings increased by 13.7% on the December 2011 figure, while payments grew by 13.5%.…
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