Economic and political position in 2004
+ Poland is an EU member
+ Strong increase in economic activity announces itself
+ Inflation on record low-pressure area
+ Weak Zloty animates the export economy
– Present government hangs since the end of the coalition on the silk thread
– Budget high deficit
– Unemployment on record height

Prognosis in 2004/2005
+ Business environment improves itself by which the GDP growth rate farther rises
+ Inflation furthermore in the green area
– Still extremely high unemployment
– No improvement with the budget by sight

Economic relations to Germany
+ German-Polish goods exchange rises faster than the whole German foreign trade, but slower than the trade with other CEE countries
± Interest in direct investment still high, even if the besides appearing capital currents are declining

State: January, 2004
Source: IKB Deutsche Industriebank