In this study, the economic development of Poland after the recession is discussed. The importance of maintaining macroeconomic policies and advancing growth-enhancing structural reforms are explained. Increase in labor participation and a reduction in product market rigidities are key to...

This 2012 Article IV Consultation discusses that the economy of Poland fared well throughout the crisis. The growth was robust and well balanced in 2011. The banking sector remained profitable and well capitalized. Declining provisioning boosted profitability and the average capital adequacy...

Poland is placed high among the most successful transition economies owing to its strong macroeconomic and structural policies. Executive Directors commended this development, and stressed the need to maintain monetary and fiscal policies. They appreciated the tax and pension systems, banking...

This 2002 Article IV Consultation highlights that the fiscal deficit of the Republic of Poland widened sharply in 2001, reflecting both automatic stabilizers and a 1⁄2 percent increase in the structural deficit. State (central government) primary expenditures (excluding one-off transfers) rose...

Poland's outstanding economic performance has come under strain. Executive Directors stressed the need to strengthen fiscal and monetary policies, and accelerate structural reforms. They considered that the new strategy will strengthen the medium-term economic performance, and place Poland in a...

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...

This 2004 Article IV Consultation for Poland highlights that with strong exports and robust consumption, its GDP growth picked up gradually, reaching 6.9 percent (year over year) in the first quarter of 2004. Nevertheless, investment growth remains moderate. Financial markets have been...

Two main issues at the interface between economic growth and financial stability are germane to this year's article four consultation and the Financial Sector Assessment Program (FSAP) update: the first is why the recent pace of financial catching-up has been so much slower in Poland than in its...

In March 1999, Poland implemented a systemic pension reform that involved the introduction of a multi-pillar pension system to replace the defined benefit (DB), pay-as-you-go (PAYG) system that had been operating since 1949. This technical note on the pension sector was elaborated as part of the...

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...