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In Poland, it is likely that growth will appear very weak in the initial stages. However, fast-falling inflation may lend a boost to real disposable incomes and consumption. Public spending is likely to be increased on a temporary basis, even if it is incompatible with the declared fiscal consolidation strategies. Some growth acceleration in the second half of the year may also follow in the wake of improvements in foreign trade (primarily rising exports, driven by growth picking up speed in the euro-area and a probable corrective weakening of the Polish zloty).
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||38184||38534||38536||.||.||.|
|GDP, real change in %||3.9||4.5||1.9||1.0||2.3||3.5|
|GDP per capita (EUR at PPP)||15300||16200||16800||.||.||.|
|Gross industrial production, real change in %||11.1||6.7||1.2||.||.||.|
|Unemployment rate - LFS, in %, average||9.6||9.7||10.1||11.0||10.8||10.5|
|Average gross monthly wages, EUR||807||826||842||.||.||.|
|Consumer prices, % p.a.||2.7||3.9||3.7||0.7||1.9||2.0|
|Fiscal balance in % of GDP||-7.9||-5.0||-3.9||.||.||.|
|Public debt in % of GDP||54.9||56.2||55.6||.||.||.|
|Current account in % of GDP||-5.1||-5.0||-3.7||-2.1||-3.0||-3.3|
|FDI inflow, EUR mn||10518||14896||4763||.||.||.|
|Gross external debt in % of GDP||66.9||67.4||72.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Poland: Not so soft landing ahead
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 91-93 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details