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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
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 220
Language:
English
Publication Date:
17 Jul 2017
DOI:
https://doi.org/10.5089/9781484310304.002
ISBN:
9781484310304
ISSN:
1934-7685
Pages:
88
Keywords:
ISCR; CR; monetary policy; GDP; IMF staff calculation; headline inflation; accommodative monetary policy stance; EU funds; guide inflation expectation; FX mortgage; monetary policy response; Inflation; Government finance statistics; Labor markets; Mortgages; Global; Europe; Central and Eastern Europe
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This 2017 Article IV Consultation highlights that 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. Long-term growth, however, will be more subdued, unless adverse demographics and structural constraints on investment and productivity growth are addressed. Risks to the near-term outlook are broadly balanced. Monetary policy remains accommodative, with policy rate kept at a historically low level since early 2015.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund