Poland

The fiscal measures actually implemented are proving untimely and inadequate, in view of the strain felt throughout the private sector. However, the determined monetary-policy response to the Coronavirus epidemic, combined with a sharp currency devaluation, should limit the damage to the economy. But managing the ongoing crisis in health care and the economy is not the top priority for the government: its primary concern is to secure the president’s re-election, by fair means or foul.

map Poland
        FORECAST*
Main Economic Indicators201720182019202020212022
Population, 1000 persons384343842338400...
GDP, real change in %4.95.34.1-4.03.0.
GDP per capita (EUR at PPP)208002180023200...
Gross industrial production, real change in %6.65.94.1...
Unemployment rate - LFS, in %, average4.93.93.37.07.0.
Average gross monthly wages, EUR100610771144...
Consumer prices, % p.a.1.61.22.13.82.0.
Fiscal balance in % of GDP-1.5-0.2-0.7...
Public debt in % of GDP50.648.846.0...
Current account in % of GDP0.1-1.00.50.20.3.
FDI inflow, EUR mn101821402213360...
Gross external debt in % of GDP68.463.259.0...


Basic data are continuously updated.

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

Forecasts as of March 2020 considering the effect of COVID-19 with a severe scenario. Due to this uncertain situation we only offer forecasts for GDP.

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Monthly Report No. 5/2020

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures

Details

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POLAND: Soft landing

Leon Podkaminer
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 123-126
Details and Buy


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