I will also touch upon selected Eurosystem activities that aim to foster financial integration, and highlight some of the EU policy issues in this field. Our first publication covers the money market, the government and corporate bond market, the equity market and the banking markets.
However, apart from that, the current account deficit shrank due to the decreased trade deficit in goods, steady growth in services exports, and smaller amounts of repatriated dividends. The current account deficit will range from 3% to 4% in 2020–2022. In particular, the wider deficit will be caused by large volumes of investment imports and decreased proceeds from natural gas transit.