HICP inflation drops in June – Eurostat

The harmonized index of consumer prices for Poland stood at 1.3 percent year-on-year in June, compared to 1.5 percent in May, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices decreased by 0.1 percent.

KUKE: Bankruptcies inches down 2% in June

The number of bankruptcies in June totaled 48, a decrease of 2 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term, the figure increased by 17.1 percent.

IMF tells Poland to control public finances

In its latest annual report on the Polish economy, the International Monetary Fund (IMF) said Poland’s government deficit would come in at 2.9 percent this year, while GDP growth will reach 3.6 percent. At the same time, IMF is urging Poland to cut spending and raise tax revenues if it is to avoid f...

Poland may need to raise rates in early 2018 – Gatnar

Poland may need to raise interest rates as soon as early 2018 because of risks to the inflation outlook or if real interest rates stay below zero percent for too long, member of the Poland’s Central Bank (NBP) and the Monetary Policy Council (RPP), Eugeniusz Gatnar told Parkiet daily.

NBP poll upgrades inflation estimates

Economist polled by Poland’s Central Bank (NBP), forecast the country’s inflation to amount to 1.9 percent this year, 2 percent in 2018, and 2.3 percent in 2019. “inflation will gradually increase in 2017-2019 but will remain below the NBP inflation target (2.5 percent), with 1.6-2.1 percent expecte...

S&P upgrades Poland’s GDP forecast for 2017

Rating agency Standard & Poor’s has raised its forecast for GDP growth in Poland this year to 3.6 percent from the previous 3.3 percent estimate. For the years 2018-2020, the forecasts remained unchanged and stand at 3.1 percent (2018), 3 percent (2019), and 2.9 percent (2020).

GUS: Trade turnover at PLN 3.86 bln at end-May

In the first five months of 2017, Polish exports amounted to PLN 350.72 billion, while imports amounted to PLN 346.86 billion. Trade turnover reached PLN 3.86 billion. In comparison to the corresponding period of 2016, exports increased by 6.7 percent and imports by 9.8 percent, data from PolandR...

Fitch: GDP growth in 2020-21 to reach 3.2%

According to the latest long-term forecasts by Fitch rating agency, Poland will have 3.2 percent GDP growth in 2020 and 2021, which would be on the same level as GDP growth predicted for 2018 and 2019. For this year, Fitch expects Polish economy to increase by 3.3 percent.