Locked content Poland cancels IMF credit line

Poland canceled its two-year precautionary Flexible Credit Line (FCL) with the International Monetary Fund, worth €8.24 billion. The agreement was initially signed in 2009 and later extended numerous times, however, Poland never drawn on the funds and back in 2016 asked the IMF to halve the value of...

IMF raises its GDP growth forecast for Poland

The International Monetary Fund has increased its forecast for Poland’s GDP growth by 0.4 percentage points to 3.8 percent for 2017. Next year the growth will slow down to 3.3 percent (from 3.2 percent previously forecasted).

IMF tells Poland to control public finances

In its latest annual report on the Polish economy, the International Monetary Fund (IMF) said Poland’s government deficit would come in at 2.9 percent this year, while GDP growth will reach 3.6 percent. At the same time, IMF is urging Poland to cut spending and raise tax revenues if it is to avoid f...

IMF revises GDP forecasts for Poland

The International Monetary Fund has raised its GDP forecast for Poland to 3.4 percent in 2017, from the previous 3.3 percent. For 2018, the IMF predicts a 3.2 percent growth, down from the previous 3.3 percent figure.

Locked content IMF expects Poland’s GDP to grow at 3.3% in 2017

The International Monetary Fund has stated that it believes Poland’s GDP will grow at an average of 3.3 percent this coming year, according to a report the organization released earlier this week. According to many, this would be viewed as an improvement on the 2.5 percent growth experienced in 2016...

Locked content Finance Ministry: Poland will ask for FLC from IMF

Poland’s Ministry of Finance confirmed on Tuesday that it has requested a Flexible Line of Credit (FLC) from the International Monetary Fund, but emphasized that the request was simply a part of the Brussels transfer funds exit strategy and that it did not foresee having to use the money. “The...

Locked content IMF worried about youth emigration from Poland

The emigration of young skilled workers from eastern Europe [Poland] risks creating a vicious circle that damps the economy in their home countries, according to a report by the International Monetary Fund. In 2014, income per person figures in Poland was around 70 percent of the average across the ...

Locked content IMF lowers Poland’s GDP growth forecast in 2016

The International Monetary Fund (IMF) has lowered Poland’s GDP growth forecast to 3.5 percent from 3.6 percent in 2016, while it has also reviewed its estimates for 2017, saying GDP will grow by 3.6 percent, and not 3.5 percent as it was said earlier. Poland’s GDP growth is projected to ...