Development Ministry downgrades exports and imports forecasts

Analysts from the Development Ministry have reviewed the exports forecast, lowering it from seven percent to three percent in 2016, in addition to downgrading the imports forecast from five percent to two percent. The ministry expects that trade balance will be positive and will stand at around €4 billion. The report by the Development Ministry sees the causes of worse results in the economic slowdown in China, slower economic growth in developed countries, particularly in the EU, the slowdown or recession in oil exporting countries and Poland's economic slowdown to 3.5 percent.