wiiw Forecast Reports
POLAND: This time not quite a success story
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in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 96-99
In the second quarter of 2020, GDP fell by 7.9%, but the third quarter has brought some respite to industry. Monetary and fiscal policies have been very expansionary so far, limiting the scale of GDP decline. Inadequate demand remains the chief problem, followed by the falling profitability of firms and continuing uncertainty, also over the pandemic. Consumption may not recover and investment will decline further. Moderate improvements in 2021 and beyond are possible, but not guaranteed.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Poland