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Still no signs of export revival


2009-10-02

There are no signs as yet of an imminent revival in exports. Although the fourth quarter is expected to bring a certain improvement, it will be due mainly to a very low reference base. We forecast that in 2009 as a whole exports will decline by 18.3%, and imports by 25.2%. As a result, the foreign trade deficit will amount to €11.6bn, i.e. 3.7% of GDP.



Paweł Sionko
Construction Market Analyst, PMR

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