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Republic of Poland: Staff Report for the 2004 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 217
Language:
English
Publication Date:
26 Jul 2004
DOI:
https://doi.org/10.5089/9781451831863.002
ISBN:
9781451831863
ISSN:
1934-7685
Pages:
61
Keywords:
ISCR; CR; GDP; government; current account; state government; headline inflation; inflation expectation; wage demand; exchange rate; IMF staff estimate; Inflation; Current account deficits; Western Europe; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund