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Tweet Export growth in 2014 will amount to little more than 7 percent., Assuming that exports will accelerate in the second half of the year - analysts estimate. garmin connect They add that the contribution of net exports to GDP growth will decline in the coming quarters.
The Central Statistical Office said Monday that the trade surplus in January-April amounted to 706.4 million euros. During this time, increased our trade with Germany, and fell with Russia. With GUS calculations show that in the period January-April exports, expressed in euros amounted to 53 billion 428.7 million and imports 52 billion 722.3 million. This means an increase of 6.6 percent. and 3.3 percent. garmin connect to the corresponding period of 2013, As a result, we achieved a surplus of up to 706.4 million euros to 915.5 million deficit a year earlier. The chief economist of Credit Agricole Jakub Borowski told PAP that if GUS compared with the results for the first quarter of this year., They are not surprising. "The more that April was a little weaker than the first quarter. Exports grew more slowly, while imports clearly accelerated. This is consistent with the trends that we see in the Polish economy" - he stressed. He explained that domestic demand is increasingly involved in the Polish economic growth. Borowski, pointed to a slowdown in the growth of Polish exports to the euro area, including above all to Germany. Exports to this country in the first four months increased garmin connect by 10.8 per cent., In the first quarter - 11 percent. "So you can see some slowdown" - he stressed. garmin connect "This is not a surprise, because the data on the economic situation, with new orders for the German economy in the second quarter were not as good as the first. Certainly the second quarter closes clearly slower growth in exports than in the first quarter" - he added. Another important factor that pulls exports down - according to Borowski - a Ukrainian-Russian conflict. "The garmin connect decline of Polish exports to Russia during the first four months was 8.2 percent., And during the first three months - 7.1 percent. This shows that this decline deepened" garmin connect - he explained. In his opinion, the effects of the crisis in Ukraine can be seen in the results of our exports. "The falling share of food in Polish exports is a result of, among others, the Russian embargo on the pork and the Russian-Ukrainian crisis. Both countries imported from us relatively much food. Prior to the crisis 10 percent. Polish exports to Ukraine was the food, and 15 percent. - To Russia. collapsing garmin connect currency - the hryvnia and ruble - Polish exports are braking "- rating. Borowski expects that in the third and fourth quarter of Polish exports might be a little better than in previous garmin connect months. In his view, the growth of exports in the whole of 2014 will be just over 7 percent., Assuming that it will accelerate in the second half of the year. According to him, the contribution of net exports to GDP growth will fall. "In the first quarter amounted to 0.5 percent., In the second, our forecast is 0.3 percent., The third will be 0.1 percent., 0.2 percent in the fourth." - He stressed. He recalled that the EU export mainly include machinery and transport equipment. Also according to the main Post Bank economist Monica Jacket Polish trade structure changes due to the Ukrainian-Russian conflict. "Polish exports to grow, because garmin connect improving the economic situation of our main partners" - told PAP. Estimated that increasing garmin connect imports garmin connect due to an improvement in domestic demand in Poland. "The growth in imports is associated with one hand, with increasing investments, and on the other with growing consumer demand. Consumption garmin connect goes up, although garmin connect at a lower rate than the investment," - noted.
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