Current account deficit shrinks slightly in July, expected to remain steady

Rosati also stressed that due to the stagnation of exports, the current account deficit would remain steady. "Compared to June the July figure is better, but we still have to see exports to the European Union (EU) increase before we start to see a change in the negative cumulative trend," said ING Barings Warsaw economist Mateusz Szczurek. Poland's trade deficit stood at $1.3 billion in July and $1.2 billion in June. According to RPP forecasts, the current account deficit will be about 6.5% of the GDP at the end of the year. Last year it stood at 4.3%. (Prawo i Gospodarka, page 1, 9, 28, Reuters)