Republic of Poland: IMF Executive Boa...

Republic of Poland: IMF Executive Board Concludes 2014 Article IV Consultation

There are 1 comment on the International Monetary Fund story from Jun 27, 2014, titled Republic of Poland: IMF Executive Board Concludes 2014 Article IV Consultation. In it, International Monetary Fund reports that:

On June 23, 2014, the Executive Board of the International Monetary Fund concluded the Article IV consultation 1 with the Republic of Poland .

Join the discussion below, or Read more at International Monetary Fund.

Clear Dharma

Bridgend, UK

#1 Jun 27, 2014
The economy is steadily recovering from the 2012–13 slowdown on the back of Poland’s very strong fundamentals and policies. Real GDP growth moderated to 1.6 percent in 2013 as the slowdown in core euro area countries had knock-on effects on consumer and investor confidence. However, a steady recovery is now underway with growth accelerating to 3.4 percent year-on-year in the first quarter of 2014, led by improving conditions in main trading partners and a recovery in domestic demand. Nonetheless, partly reflecting external factors, CPI inflation remains well below the target range, declining to 0.2 percent year-on-year in May. As the trade balance turned positive in 2013, the current account deficit narrowed to its lowest level in more than a decade.

The outlook is for a continuing recovery but external risks remain firmly on the downside. Growth is expected to reach 3.3 percent in 2014 but strong trade and financial linkages with core euro area countries make it vulnerable to growth shocks ...

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