Polish Toledo

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Friday, August 02, 2013

Poland's Surplus Money

Poland will record a quarterly current-account surplus next month, which will be a lure for investors as the European Union’s biggest eastern member shifts its economy to focus on exports.

The current account is the broadest measure of payments balance in an economy. May's number is expected to come in at close to $800 in May after April’s record similar figure.

Prime Minister Donald Tusk’s government is relying less on consumers to drive the economy amid the worst slump in more than a decade. While domestic demand will probably recover as the outlook brightens, some parts of the improvement in the current account may be sustained, central bank Marek Belka told lawmakers July 24. The finances supported the zloty’s 2.1 percent gain against the euro in July, the biggest advance among 24 emerging-market currencies tracked by Bloomberg.

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