1887

2004 OECD Economic Surveys: Poland 2004

image of OECD Economic Surveys: Poland 2004

While Poland has undergone major change in the last decade, in this 2004 review of Poland’s economy, OECD finds that much needs to be done to facilitate convergence with the rest of Europe.  OECD proposes a comprehensive programme of reform covering an unsustainably large fiscal deficit, widespread unemployment, weak investment performance, and slow rural restructuring.  This edition’s special feature covers the labour market.

English French

.

Towards a Sounder Macroeconomic Policy Mix

Macroeconomic policy has played a key role in Poland’s economic transition by helping to establish the kind of stability and predictability that are essential to economic growth. As a result, high inflation has been brought down to low levels and kept there for several years. On the fiscal front, after successfully negotiating a restructuring of its debt, Poland has successfully avoided generating the kind of major crises experienced by many other transition economies. As a consequence, viewed over the whole transition period, the exchange rate has remained relatively stable and the value of domestic savings and foreign investments have been preserved. Notwithstanding these achievements repeated budgetary overruns have led to ...

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error