Exports to remain strong, but imports will be stronger

In 2006 exports increased by 22.6%, while in Q1 of 2007 they slowed to 16.4%. According to the Economy Minister Piotr Wozniak, the value of exports in 2007 will amount to EUR102.5 billion - an increase of 17.1%. The value of imports in the same period will increase to zl.116.3 million or 16.3%. "In 2008 we expect a double-digit growth of exports but slightly lower, i.e. below 15%," said Wozniak. The Ministry predicts that increased investments, domestic demand and further strengthening of zloty will slow down the pace of export growth while imports will grow faster, ramping up the trade deficit in the following years. "It is inevitable but it should not be a cause for concern" said Wozniak. (Puls Biznesu, p. 7) E.B.