Republic of Poland: Review Under the Flexible Credit Line Arrangement: Staff Report and Statement by the Executive Director.

January 25, 2012

Preview Citation

Format: Chicago

Republic of Poland: Review Under the Flexible Credit Line Arrangement: Staff Report and Statement by the Executive Director., (USA: International Monetary Fund, 2012) accessed December 22, 2024

Summary

This paper reviews Poland’s economic performance under the Flexible Credit Line Arrangement. Economic growth in Poland is expected to slow in 2012, given the deteriorating outlook for the euro area. Risks are on the downside, mainly reflecting the possibility of spillovers from escalating financial and sovereign stress in the rest of Europe. The authorities have continued to take steps to mitigate the effects of external shocks. Substantial fiscal consolidation is under way; sound monetary policy is helping inflation decline toward the target; and measures have been taken to safeguard financial stability.

Subject: Balance of payments, Banking, Current account deficits, Exchange rates, External debt, Financial services, Foreign exchange, Public debt, Real interest rates

Keywords: Authority, CR, Current account deficits, Debt, Debt-creating flow, Deficit, Europe, Exchange rates, GDP deflator, Global, ISCR, Mandated spending, Real interest rates, Short-term debt, Sustainability framework

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/012
Stock No:

1POLEA2012001
ISBN:

9781463935115
ISSN:

1934-7685

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