Fiscal Balance in Poland

Poland Fiscal Balance | Economic News & Forecasts

Poland - Fiscal Balance

Economic growth slowed in 2019 although remained sturdy nonetheless. Consumer spending was upbeat last year, supported by soaring wages, generous social transfers and a tight labor market, losing only little steam compared to the previous year. Fixed capital formation also remained rock-solid, buttressed by the fast absorption of EU funds. On the other hand, destocking seems to have been a considerable drag on the economy, likely due to uncertainties related to Brexit and weakness in the German car industry. Heading into 2020, evidence is somewhat mixed: in January, although the PMI index lost some ground, business confidence clocked a sharp rebound, which bodes well for private sector activity. Meanwhile, in the political arena, Parliament backed a controversial law to discipline judges in late January, which could lead to further frictions with EU institutions.

Poland - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-3.7  -2.7  -2.2  -1.5  -0.4  

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Poland Facts

Value Change Date
Bond Yield2.07-0.30 %Dec 31
Exchange Rate3.79-0.53 %Jan 01

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