Republic of Poland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Poland
IMF Staff Country Reports, July 17, 2017
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- Republic of Poland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Poland
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Bibliographic details
- Published: July 17, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484310304.002
Near-term growth and outlook
- Poland’s near-term growth momentum remains strong, supported by accommodative monetary and fiscal policies and sizeable European Union transfers.
- The economy is operating above potential, with the unemployment rate at a historical low.
- Growth is projected to accelerate to 3.6 percent in 2017 and remain strong in 2018.
- Risks to the near-term outlook are broadly balanced.
Monetary and fiscal stance
- Monetary policy remains accommodative, with policy rate kept at a historically low level since early 2015.
- Fiscal policy is described as accommodative and, together with sizeable EU transfers, is a key support to demand.
Structural challenges and long-term prospects
- Long-term growth will be more subdued unless adverse demographics and structural constraints on investment and productivity growth are addressed.
- Structural constraints cited include barriers to investment and limitations on productivity growth (specific measures not detailed on the page).
Subjects and thematic focus
- Banking
- Economic and financial statistics
- Financial institutions
- Foreign exchange
- Government finance statistics
- Inflation
- Labor; Labor markets
- Mortgages
- Prices
Republic of Poland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Poland
Content in this bundle
- Country Report