IMF warns Poland about lack of reforms
The IMF’s latest Article IV mission report concludes that Poland’s short-term economic outlook is strong, with one of the highest growth rates in Europe and inflation within the central bank’s tolerance band. Rising wages and expansionary fiscal policy support growth, while inflation has eased due to tight monetary policy and favorable global conditions. However, the Fund warns that medium- and long-term risks are increasing. Key threats include weaker-than-expected EU-funded investment, rising debt and market sensitivity, potential renewed inflationary pressures, and a stronger real exchange rate that harms competitiveness. Demographics and low innovation also weigh on future growth.
The IMF calls for structural reforms, including easing credit supply constraints and developing deeper, pan-European capital markets.
(pb.pl)