Does east follow west to the euro?
Poland boasts the lowest inflation of the EU25, with headline national CPI at just 0.8% year on year, and core inflation below 0.5%. Its current account deficit is close to an all-time low of 1.5% of GDP.
According to research from Merrill Lynch: “The fiscal position is also positive for the outlook, due to both strong revenues and contained spending, with the headline fiscal deficit at around 3% of GDP.”
Poland’s budget deficit is hovering around the 5% level.
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