Republic of Poland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland

August 21, 2009

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Republic of Poland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland, (USA: International Monetary Fund, 2009) accessed November 24, 2024

Summary

This 2009 Article IV Consultation highlights that Poland’s rapid growth had begun to lose steam even before the global crisis hit. Following robust and relatively well-balanced expansion, driven by an EU accession-related investment boom and rapid credit and wage growth, economic activity began to slow down in the face of capacity constraints. Executive Directors have noted that a significant deceleration in economic activity is under way, reflecting adverse spillovers through real and financial channels. They have also commended the authorities for the timely, well-focused, and measured policy response.

Subject: Balance of payments statistics, Banking, Credit, Economic and financial statistics, Expenditure, External debt, Government finance statistics, Monetary statistics, Money, Public debt

Keywords: Asset consolidation exercise, Bank, Central and Eastern Europe, CR, Credit, Data ROSC mission, Deficit, Financing, Financing of credit portfolio, Global, Government, Government finance statistics, IMF definition, IMF staff estimate, ISCR, Poland, Price pressure, Result of banks' preference, World commodity price

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/266
Stock No:

1POLEA2009002
ISBN:

9781451832068
ISSN:

1934-7685

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