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The Warsaw Voice » Business » February 15, 2018
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Experts on current account surplus
February 15, 2018   
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Poland recorded a current account surplus for the first time in 22 years, EUR 346 million, dailies Puls Biznesu, Parkiet and Rzeczpospolita declare following the latest data from the central bank.
The surplus resulted not only from reduced imports on investment stagnation, but also from structural changes in the economy which allow for hope that the deficit won't be back soon, according to Parkiet. The Polish economy is "almost perfectly balanced," mBank economist Marcin Mazurek commented for Puls Biznesu.
Polish surplus on services grew considerably in 2017 and is expected to grow further in 2018. Economists disagree whether rising surplus on services will be enough to compensate for the expected widening of trade deficit.
Bank PKO BP economists forecast a surplus at 0.4% of GDP this year, while mBank economists expect the surplus won't hold mainly due to rising investments resulting in higher imports of investment goods.
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