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Fiscal consolidation no longer seems to be the major threat to renewed growth acceleration. But the monetary policy’s fairly restrictive stance in face of the mounting deflationary threats may result in undue appreciation of the currency, with possibly negative effects for foreign trade and overall growth. Otherwise, broad-based growth driven primarily by gross fixed investment is expected to continue in 2014-15, even if the present political turmoil gets out of control.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||38534||38536||38514||.||.||.|
|GDP, real change in %||4.5||2.0||1.6||3.0||3.2||3.1|
|GDP per capita (EUR at PPP)||16400||17100||17700||.||.||.|
|Gross industrial production, real change in %||6.7||1.2||2.3||.||.||.|
|Unemployment rate - LFS, in %, average||9.7||10.1||10.3||10.5||10.1||10.0|
|Average gross monthly wages, EUR||826||844||870||.||.||.|
|Consumer prices, % p.a.||3.9||3.7||0.9||1.1||2.0||2.0|
|Fiscal balance in % of GDP||-5.1||-3.9||-4.3||.||.||.|
|Public debt in % of GDP||56.2||55.6||57.0||.||.||.|
|Current account in % of GDP||-5.0||-3.7||-1.4||-2.5||-3.0||-3.1|
|FDI inflow, EUR mn||14896||4763||-3860||.||.||.|
|Gross external debt in % of GDP||67.4||72.7||71.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2014
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures Details
POLAND: A sigh of relief
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 59-61 Details and Buy