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Driven by a major increase in gross capital formation, the Polish economy has entered a phase of relatively rapid growth, which is likely to extend into the biennium 2015-2016. Nonetheless, some economic and non-economic risks still persist. Apart from uncontrollable external and domestic (political) risks, problems are also posed by the pursuit of a monetary policy with too restrictive an orientation.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||38536||38514||38530||.||.||.|
|GDP, real change in %||1.8||1.7||3.3||3.2||3.1||.|
|GDP per capita (EUR at PPP)||17300||17800||18500||.||.||.|
|Gross industrial production, real change in %||1.2||2.3||3.4||.||.||.|
|Unemployment rate - LFS, in %, average||10.1||10.3||10.0||10.0||10.0||.|
|Average gross monthly wages, EUR||844||872||906||.||.||.|
|Consumer prices, % p.a.||3.7||0.8||0.1||1.5||2.0||.|
|Fiscal balance in % of GDP||-3.7||-4.0||-3.4||.||.||.|
|Public debt in % of GDP||54.4||55.7||49.1||.||.||.|
|Current account in % of GDP||-3.5||-1.3||-1.3||-2.0||-2.5||.|
|FDI inflow, EUR mn||4763||-3860||.||.||.||.|
|Gross external debt in % of GDP||72.0||70.1||73.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 12/2014
Vladimir Gligorov, Doris Hanzl-Weiss, Yudit Kiss and Leon Podkaminer
wiiw Monthly Report No. 12, December 2014
39 pages including 4 Tables and 25 Figures Details
POLAND: A number of short-term risks
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 71-74 Details and Buy