This country page is a centralised resource for the analytical work on the economy of Poland performed by DG ECFIN. It provides links to the most important pages and documents, such as the European Commission's regular economic forecasts and the country’s compliance with the Stability and Growth Pact.
Last update: 27/06/2012
The Commission publishes macroeconomic forecasts for the EU and the Member States twice a year, in the spring (May) and in the autumn (November). These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN) and include a chapter on Poland.
DG ECFIN also produces more limited "interim forecasts" in February and September, which contain one-year projections of GDP growth and consumer price inflation for the euro area, the EU and seven large Member States.
>> Macroeconomic forecasts and interim forecasts
3.1. Assessments of Poland’s convergence programme
As required by the Stability and Growth Pact, at the end of each year Poland submits an update of the medium-term fiscal strategy it first presented in January 2007. Euro area Member states submit stability programmes while countries outside the euro area submit convergence programmes. Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on each programme.
3.2. The EU Excessive deficit procedure and Poland
Currently, Poland is subject to an excessive deficit procedure.
The Commission’s annual public finance report prepared by DG ECFIN – entitled " Public Finances in EMU" – includes comments on Poland.
Poland has not yet adopted the euro as its currency. It will join the euro area as soon as it fulfils the necessary conditions as defined in the 'Maastricht' convergence criteria. Progress toward meeting these criteria is assessed by the Commission and the European Central Bank in regular convergence reports.
As part of the Europe 2020 strategy for a smart, sustainable and inclusive EU economy, Poland reports each spring on the implementation of its national reform programme (NRP).
7.1. The EU and Poland
>> Growth and competitiveness in the Polish economy: the road to real convergence (Occasional Papers 11/2006)
>> EMU@10 website
>> Enlargement, two years after - an economic evaluation (Occasional Papers 5/2006)
2. Country focus on Poland
The Country Focus series produced by DG ECFIN provides a concise analysis, set within the broader economic and policy debate, of a topical economic issue concerning one or more Member State(s). Country Focus issues on Poland are listed below, the most recent first.
>> Business cycles, quality of economic policy and government revenues in Poland. (January 2008)
>> The business cycle in Poland: where do we stand? (August 2007)
>> Ceilings and anchors: fiscal rules for Poland (March 2007)
>> High unemployment in Poland – not only a labour market problem(June 2006)
>> Growing wage inequalities in Poland: could foreign investment be part of the explanation? (March 2005)
>> Poland's policy mix: fiscal or monetary leadership(January 2005)