Republic of Poland: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland.

May 14, 2010

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Format: Chicago

Republic of Poland: 2010 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, 2010) accessed November 22, 2024

Summary

The Republic of Poland’s 2010 Article IV Consultation shows that Poland is the only European Union country to have escaped a recession in 2009 owing to its limited reliance on exports and well-capitalized and profitable banking system. Like its regional peers, it experienced spillovers from the crisis through both real and financial channels, in particular the latter, as an abrupt slowdown in capital inflows caused a credit crunch and a sharp decline in investment. The banking sector is well buffered, but risks related to foreign-exchange lending should be curbed.

Subject: Banking, Credit, External debt, Financial institutions, Inflation, Money, Mortgages, Prices, Public debt

Keywords: CR, Credit, Credit risk cost, Deficit, Deficit target, GDP, Global, Housing loan, Inflation, ISCR, Liquidity position, Mortgages, Official, Resumed foreign-currency lending

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/118
Stock No:

1POLEA2010001
ISBN:

9781455202546
ISSN:

1934-7685

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