Deficit To Remain At 3-4% Of GDP

April 2008
Emerging Europe Monitor: Central Europe & Baltic States;Apr2008, Vol. 15 Issue 4, p1
Country Report
The article reports on the continued widening of Poland's current account deficit in December 2007. Data from the National Bank of Poland indicated a deficit of €1.94 billion, an increase of 50.7 percent year-over-year, and representing a multi-year high for that month. The month's deficit is mainly due to higher European Union membership fees as well as seasonal factors. Deficit for 2008 is expected to reach 4.1 percent of gross domestic product (GDP), narrowing slightly to 3.9 percent in 2009.


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