Republic of Poland: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 187
Publication date: June 2003
ISBN: 9781451831856
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , headline CPI inflation , government , estimate , monetary policy , net inflation , approaching EU membership , foreign currency , EU accession treaty , EU integration process , Inflation , Inflation targeting , Western Europe , Global , Europe
Summary
This 2003 Article IV Consultation highlights that the economy of the Republic of Poland began to recover during 2002 from the sharp weakening of growth in 2000–01, but the recovery is fragile. Private consumption picked up gradually, fueled by rising real fiscal transfers, easing monetary policy, and a drop in the savings ratio. Exports outpaced rather weak market growth as competitiveness improved. The recovery also reflected a lessening of negative influences: a sharp drop in inventories ended, and the contraction of fixed investment lessened.
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