Report

External trade gap widens by 22.2% y/y in September, as import rebounds

- Import growth is above export increase, as domestic consumption remains rather strong and export affected by external slowdown
- Export to EU is weakest performer, major contributor to trade balance deterioration in September
- Annualised trade gap increases to 8.1% of GDP at end-September, pressure on CA gap widening to persist
- Improvement is unlikely for as long as export remains weak
Provider
CEEMarketWatch
CEEMarketWatch

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