Fiscal Balance in Poland

Poland Fiscal Balance | Economic News & Forecasts

Poland - Fiscal Balance

The economy seemingly took a notable hit from containment measures in the first quarter, which seems set to be even more severe in the second quarter. Industrial production and retail sales slumped at the tail-end of Q1, coinciding with the introduction of a partial lockdown, while crashing business and consumer confidence as well as manufacturing activity in April hint at the magnitude of the expected downturn in Q2. In further bids to cushion the economy, on 17 April Parliament approved a new package to protect jobs worth EUR 2.4 billion, and in early May backed a plan to support firms worth EUR 0.2 billion. Meanwhile, in mid-April, S&P Ratings affirmed Poland’s credit rating, citing the country’s manageable levels of public and private debts and its diversified economy. On a less positive note, in late April the European Commission launched legal action against Poland, questioning aspects of its judicial reform and thus reigniting conflicts with EU institutions.

Poland - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-3.7  -2.6  -2.4  -1.5  -0.2  

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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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