Poland will grow through the slump: central bank chief

With its strong fundamentals Poland will remain a European growth leader, according to the National Bank of Poland head Adam Glapiński.

Mantras and miracles: interest rates stable (yet again)

see more

After repeating the mantra of stable interest rates at the December meeting of the Monetary Policy Council, NBP Chairman Adam Glapiński laid out in a Rzeczpospolita daily column the key five features of the Polish economy which he believes will keep recession from the door in the next few years.BR>
A strong internal market

The size of the Polish market and the rate that consumption is growing will ensure greater demand, which will spur investment.

Stability of growth

While Poland is growing quickly, its growth is balanced. Inflation is within its target band of 1.5 percent +/- 1 percent, while the exchange rate to the Euro is stable.

Competitiveness

The prices of Poland’s goods and services are competitive and so exports are growing strongly despite global turbulence.

Public finances are in a good state

The health of the public finances will enable the government to loosen fiscal policy to support consumption if needs be.

EU fund flows

For the next five years at least, there will be significant inflows of EU funding into the Polish economy, which will boost investment and lead to growth.

source: