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The Warsaw Voice » Business » May 29, 2014
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Poland's 2014 trade deficit seen deepening to EUR 3.5bn
May 29, 2014   
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Poland will likely record a 9% exports growth in FY 2014 as well as a 9.6% growth of imports, which will result in a EUR 3.5 billion trade deficit this year, the Economy Ministry analysts forecast with the caveat that the actual figures may be distorted by factors related to the Ukrainian crisis.

"In 2014 exports will grow by 9% to EUR 166.5 billion, and imports will grow by 9.6% to EUR 170 billion, resulting in a slight deepening of the trade deficit, i.e. by ca. EUR 1.2 billion, to EUR 3.5 billion," the ministry said in the report citing "improved external economic environment, especially GDP growth recovery and import demand on Poland's key exports markets," which should result in the intensification of foreign trade.

However, international issues related to the Ukraine crisis may result in a need to adjust forecasts, the ministry said.
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