Republic of Poland: Staff Report for the 2004 Article IV Consultation

July 26, 2004

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Republic of Poland: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed September 20, 2024

Summary

This 2004 Article IV Consultation for Poland highlights that with strong exports and robust consumption, its GDP growth picked up gradually, reaching 6.9 percent (year over year) in the first quarter of 2004. Nevertheless, investment growth remains moderate. Financial markets have been unsettled. Despite low inflation, long-term interest rates have risen since mid-2003, initially in response to the announcement of an expansionary 2004 budget and more recently to unsettled politics. The weak responses of investment and employment raise concern about fundamental impediments to the recovery.

Subject: Balance of payments, Current account deficits, External debt, Fiscal policy, Inflation, Prices, Public debt

Keywords: CR, Current account, Current account deficits, Europe, Exchange rate, GDP, Government, Headline inflation, IMF staff estimate, Inflation, Inflation expectation, ISCR, State government, Wage demand, Western Europe

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/217
Stock No:

1POLEA0012004
ISBN:

9781451831863
ISSN:

1934-7685

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