Ministry hikes trade deficit forecast

Poland’s Economy Ministry has corrected its forecast of Poland’s foreign trade deficit this year to €1.3 billion, according to a report quoted by the Polish Press Agency. It earlier expected the deficit to be €600 million. Exports are estimated to reach €164.3 billion at the end of 2014, compared to an earlier estimates €168.9 billion. Imports should amount to €165.6 billion compared to an earlier forecast of €169.5 billion. According to the Central Statistical Office, Poland recorded a foreign trade deficit of €171.3 million in January-August this year.