Table of Contents

Assessment and Recommendations
I. The Changing Macroeconomic Landscape
-Inflation is slowing down, but production growth also, and unemployment is a growing concern
-Output growth is falling below trend...
-...and labour market conditions are deteriorating rapidly...
-...helping to reduce core inflation...
-...and to stabilise the current account deficit
-Output growth is projected in 2001-2002, but with risks of continued weakness
-...and with unchanged policies, unemployment will rise further in the medium term
II. Macroeconomic Management
-Monetary Management
-The Fiscal Stance
III. Structural Policies for Employment-Friendly and Robust Growth
-Poland's growth success story owes a lot to its structural policies...
-...but a more employment-friendly environment is needed to preserve social cohesion
-Three avenues of enterprise reform: privatisation, restructuring and regulatory reform
-Building on capital market reforms
-Is ther a new economy in Poland?
IV. Encouraging Environmentally Sustainable Growth
-Facing an Unfriendly Legacy from the Past
-Setting Up Institutions Supportive of Sustainable Development
-The Mix of Environmental Policy Instruments
-How to Undertake the Environmental Clean-Up Required by the EU
-Concluding Remarks and Recommendations
Annex I. A Production Function for Poland
Annex II. Sources ofr Foreign Direct Investment Statistics
Annex III. The Emergence of a Strong Banking Sector
Annex IV. How is Life after Privatisation?
Annex V. List of Selecgted Internet Resources on Poland
Annex VI. Chronology of Principle Economic and Policy Measures
Annex VII. Statistical Annex