Republic of Poland : 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2008/130

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Poland.

Fiscal policy.

Monetary policy--Poland.

Monetary policy.

Poland--Economic policy--1990-.

Poland.

Physical Description:

1 online resource (68 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

The external sector has an increasing drag on the economy. The current account deficit remains fully financed by FDI, and the underlying balance is consistent with external-debt stabilizing levels. The stock market retrenchment has been severe, but it followed substantial gains since 2006. Stress tests show that resilience of the banking system is well capitalized and highly profitable. Executive Directors stressed that the key to boosting long-term growth will be to increase low labor market participation. The financial supervision authority should give priority to formalizing understandings.

Contents:

Cover; Executive Summary; Contents; I. Introduction; II. Strong Growth Continued in 2007, But Bottlenecks Have Emerged; A. Recent Economic Developments; B. Economic Policies; C. Financial Sector Developments; III. Outlook: Gradually Slowing Output Growth, But Inflationary Risks Remain; IV. Should the Monetary Policy Tightening Cycle Continue?; V. Sustained Fiscal Consolidation Required; Boxes; 1. Macroeconomic Effects of European Union Transfer to the New Member States (NMS); VI. Limited Financial Sector Vulnerabilities and Supervision; VII. Enhancing Growth and Flexibility, and Euro Adoption

VIII. Staff Appraisal2. What Can Poland Learn from Other EU Countries Regarding Labor Market Reforms?; Figures; 1. Poland and Other Emerging European Countries: Private Credit, 2000-06; 2. Poland and Other EU Countries: Labor Market Indicators, 1980-2006; 3. Poland and Other CEE Countries: Real and Nominal Convergence with the Euro Area, 1995-2007; 4. External Debt Sustainability: Bound Tests; 5. Public Debt Sustainability: Bound Tests; Tables; 1. Selected Economic Indicators, 2002-09; 2. Balance of Payments on Transaction Basis, 2004-2013; 3. Underlying Current Account in 2007

4. External Debt Sustainability Framework, 2002-20125. General Government Revenues and Expenditures, 2002-09; 6. Financial System Structure, 1998-2007; 7. The Core Set of Financial Soundness Indicators for Banks, 1998-2007; 8. Encouraged and Other Financial Soundness Indicators, 1998-2007; 9. Medium-Term Scenario, 2005-13; 10. Public Sector Debt Sustainability Framework, 2002-2012; 11. Indicators of External Vulnerability, 2002-07; Contents; Appendixes; I. Fund Relations; II. Statistical Issues

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 3, 2015).

ISBN:

9786613738660

9781462370504

1462370500

9781452756769

1452756767

9781280897351

128089735X

9781452750774

1452750777