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Country Forecast Poland August 2019

Country Forecast. Poland, 2019

(c) 2019 The Economist Intelligence Unit Ltd. All rights reserved. Reproduced with permission of the copyright owner. No further reproduction is permitted. ;ISSN: 0966-890X ;EISSN: 2048-9579

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  • Title:
    Country Forecast Poland August 2019
  • Subjects: Climate change ; Consumption ; Current accounts ; Economic development ; Economic forecasts ; Economic growth ; Economic indicators ; Economic structure ; Elections ; Employment ; External debt ; Forecasts ; Foreign exchange rates ; Foreign investment ; GDP ; Gross Domestic Product ; International trade ; Investments ; Politics ; Population growth ; Populism ; Prices ; Productivity ; Purchasing power parity ; Tax rates ; Terms of trade ; Wages & salaries
  • Is Part Of: Country Forecast. Poland, 2019
  • Description: Economic outlook 2018 2019 2020 2021 2022 2023 Real GDP growth (%) 5.1 4.0 3.3 3.5 3.2 3.0 Consumer price inflation (av, %) 1.7 2.0 2.2 2.3 2.2 2.1 General government balance (% of GDP) -0.4 -2.0 -2.2 -2.3 -2.4 -2.4 Current-account balance (% of GDP) -0.6 -0.7 -0.4 -0.6 -0.8 -0.7 Money market rate (av; %) 1.5 1.5 2.3 1.9 2.2 2.5 Exchange rate Zl:US$ (av) 3.6 3.8 3.6 3.5 3.4 3.4 We forecast that real GDP growth will moderate to 4% in 2019, down from 5.1% in 2018, driven by robust private and government consumption and a continuing rebound in investment, the latter driven in part by increased drawdown of EU funds. Long-term outlook 2019-30 2031-50 2019-50 Growth and productivity (% change; annual av) Growth of real GDP per head 2.7 1.8 2.1 Growth of real GDP 2.5 1.3 1.7 Labour productivity growth 2.6 2.1 2.3 From May 2019 The Economist Intelligence Unit's long-term growth forecasts have been revised to take into account the economic impact of climate change. Fact sheet Annual data 2018a Historical averages (%) 2014-18 Population (m) 38.2 Population growth -0.1 GDP (US$ bn; market exchange rate) 585.8 Real GDP growth 4.0 GDP (US$ bn; purchasing power parity) 1,228.8 Real domestic demand growth 4.2 GDP per head (US$; market exchange rate) 15,316 Inflation 8.0 GDP per head (US$; purchasing power parity) 32,127 Current-account balance (% of GDP) -0.7 Exchange rate (av) Zl:US$ 3.6 FDI inflows (% of GDP) 2.9 a Actual. Between 1989 and 2005 governments composed of parties descended from the Solidarity movement alternated in office with coalitions led by the former communists, renamed the Democratic Left Alliance. Since 2005 elections have been won either by the conservative-nationalist Law and Justice (PiS) party (2005) or the liberal, centre-right Civic Platform (2007, 2011).
  • Publisher: New York: The Economist Intelligence Unit N.A., Incorporated
  • Language: English
  • Identifier: ISSN: 0966-890X
    EISSN: 2048-9579
  • Source: AUTh Library subscriptions: ProQuest Central
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