Poland's general government deficit declined to 3.5% of GDP in 2012 (from 5.0% in 2011) and will inch down further to 3.4% of GDP in 2013, according to the newest forecasts of the International Monetary Fund (IMF). In October, it expected Poland's general government gap at 3.4% in 2012 and at 3.1% in 2013. It has now presented longer-ranging forecasts. It expects the deficit to ease to 2.9% of GDP (i.e. below the EU limit) in 2014, and to fall further to 2.1% of GDP in 2015 and to 2,0% of GDP in both 2016 and 2017. The Polish government expects the figure at around 3.5% of GDP for both 2012 and 2013. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more