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Poland

Author

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  • Lucia Iordache

Abstract

The analysis of the evolution of the Polish economy, based on macroeconomic indicators published in the reports of European Commission ("European Economic Forecast - Spring 2012†) and OECD („Economic Outlook", May 2012), shows the accelerated growth of the economy in 2011 (+ 4.3% ), stimulated by the strong private investment growth. However, since the second half of 2011, the Polish economy has felt the effects of the economic downturn on the EU. External demand has diminished and the confidence of consumers and producers has deteriorated. As a result, for 2012 and 2013 it was forecasted a slower growth rate of real GDP (2.7%) and private investment have gradually become the main driver of economic growth. The fiscal consolidation process continued, but at a decreasing pace.

Suggested Citation

  • Lucia Iordache, 2012. "Poland," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009562175
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