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.
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.
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 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.
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...
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).
Seasonally adjusted industrial production in Poland increased by 6.8 percent year on year in May, according to data published by Eurostat.
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...
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.
The assets of Polish investment funds (TFIs) decreased by 0.5 percent month-on-month to PLN 272.2 billion in June, according to Analizy Online.