IMF Staff Country Reports

Republic of Poland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland

Publication Date:

August 21, 2009

Electronic Access:

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Summary:

This 2009 Article IV Consultation highlights that Poland’s rapid growth had begun to lose steam even before the global crisis hit. Following robust and relatively well-balanced expansion, driven by an EU accession-related investment boom and rapid credit and wage growth, economic activity began to slow down in the face of capacity constraints. Executive Directors have noted that a significant deceleration in economic activity is under way, reflecting adverse spillovers through real and financial channels. They have also commended the authorities for the timely, well-focused, and measured policy response.

Series:

Country Report No. 2009/266

Subject:

Balance of payments statistics Banking Credit Economic and financial statistics Expenditure External debt Government finance statistics Monetary statistics Money Public debt