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146th mBank-CASE Seminar Proceedings: Economic policy, the international environment and the state of Poland’s public finances: Scenarios
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ALEKSANDER ŁASZEK
Articles from this author:
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144th mBank-CASE Seminar Proceedings: On Economic Growth in Europe, or, The Uncertain Growth Prospects of Western Countries
Growth in the European Union since the outbreak of the global financial crisis is slower (1) than before the crisis, (2) than the trend would indicate, (3) than forecast and (4) than in the United States. The factors driving its weakness lie more on the supply side than the demand side. The loss of potential … Continued
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144th mBank-CASE Seminar Proceedings: On Economic Growth in Europe, or, The Uncertain Growth Prospects of Western Countries
Poland’s structural deficit is one of the largest in the EU. While other Member States are taking action to reduce their deficits, the Polish government has not only introduced costly projects, but has also announced additional projects that will further aggravate the state of Polish public finances. The aim of maintaining the nominal deficit under 3% of GDP, as declared by the government, is insufficient because it does not leave a margin of safety in case of an economic slowdown. In the meantime, the turbulent global economy and the structural challenges the Polish economy is facing make the scenario of an economic slowdown increasingly plausible.
Dr. Aleksander Łaszek evaluates the government’s current policy through the lens of the challenges that stand a head of Polish economy, and its resilience to shocks, in the new mBank-CASE Seminar Proceedings “Economic policy, the international environment and the state of Poland’s public finances: Scenarios”.