wiiw Current Analyses and Forecasts
Poland: Not so soft landing ahead
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in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 91-93
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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 2013 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).
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Poland, Visegrad countries