IMF Staff Country Reports

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

Publication Date:

July 26, 2004

Electronic Access:

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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.

Series:

Country Report No. 2004/217

Subject:

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