According to Deputy PM Mateusz Morawiecki, 80-83 percent of eligible workers will take an advantage of the lower retirement age coming into force on October 1. He added that according to the assumptions, this year the cost of early retirement age will amount to PLN 2.6 billion.
The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) grew by 0.6 points and stood at 168.6 points in July.
The Pengab index, which measures conditions in the banking industry, increased by 2 points month-to-month to 24 points in July, according to the Monitor Bankowy report issued by TNS Polska, returning to its value from May, after a 2 point decline last month.
GDP growth could reach as much as 4.0 percent this year, according to Development and Finance Minister Mateusz Morawiecki. He said that the figure is becoming increasingly probable given the increasing investment. “Our official forecast in 3.6 percent, perhaps 3.8 percent. We are conservative. But t...
Unemployment rate at the end of 2017 may reach 6.8 percent. – Minister of Family, Labor and Social Policy Elzbieta Rafalska said. “October may be the last month of decline, then in November and December will see growth due to the end of seasonal work,” Rafalska said.
New industrial orders, according to the Central Office of Statistics (GUS) grew in June by 15.7 percent y/y and 11.4 percent m/m.
Poland’s unemployment rate stood at 7.1 percent at the end of June, the Central Statistical Office (GUS) informed, representing a 0.3 percent m/m and 1.6 y/y drop.
The value of consumer credits increased by 0.7 percent or PLN 1.19 billion in June month-on-month and reached PLN 170.4 billion, the Poland’s Central Bank (NBP) announced.
The Polish government will replace the de minimis guarantee system with the new National Guarantee Fund and expects it to grant PLN 9 billion in guarantees per annum, which would translate into PLN 16 billion loans from the lenders.
The general government debt of Poland dropped to 54 percent of GDP in Q1, down 0.4 percent q/q, and up by 2.2 percent y/y. It stood at PLN 1,013 billion, Eurostat reported. According to Poland’s Central Statistics Office (GUS) in Q1, the general government had a PLN 7.76 billion surplus.