Poland

Propelled by a fast rise in wages (and private consumption) and the recovery in investment, strong GDP growth continues. Construction output is set to increase at double-digit rates. At the same time, foreign trade performance has been weakening and trade surpluses are diminishing. Inflation is low – a more restrictive monetary policy is unlikely. The wage hikes lower profitability of the corporate sector. Despite strong growth, the fiscal policy is quite relaxed.

map Poland
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons384583843538400...
GDP, real change in %3.83.04.73.83.53.3
GDP per capita (EUR at PPP)198001990020900...
Gross industrial production, real change in %4.82.86.6...
Unemployment rate - LFS, in %, average7.56.24.94.34.24.0
Average gross monthly wages, EUR9349291003...
Consumer prices, % p.a.-0.7-0.21.62.12.12.0
Fiscal balance in % of GDP-2.7-2.4-1.7...
Public debt in % of GDP51.154.250.6...
Current account in % of GDP-0.6-0.30.20.40.40.4
FDI inflow, EUR mn13534152136421...
Gross external debt in % of GDP70.574.968.0...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure

Details

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POLAND: Steady consumption - driven expansion

Leon Podkaminer
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 125-129
Details and Buy


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