European Parliament Library

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

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
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (68 p.)
Specific Material Designation
Form Of Item

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