Locked content GDP growth seen at about 5% in 2018

In Q2 GDP growth stood at 5.1 percent y/y, in line with estimates published in August, Polish Central Statistical Office (GUS) reported. Domestic consumption remains the main driver of the Polish economy, while investment recovery is still limited, analysts said. Most analysts expect a slight slowdo...

Locked content EC lifts Poland’s 2018 GDP growth forecast to 4.6%

The European Commission increased Poland’s 2018 GDP growth forecast to 4.6 percent from its previous estimate of 4.3 percent issued in May. The forecast for 2019 still remains at 3.7 percent. EC economists say inflation in 2018 should come in at 1.3 percent (unchanged). In 2019 inflation is expected...

Locked content Polish entrepreneurs generate over 1/3 of GDP

Polish entrepreneurs generate over 1/3 of GDP in Poland. They are the most important employer in the country and invest more than international corporations according to the report “Przedsiębiorca odczarowany. Kim są twórcy polskiej gospodarki” (Eng. “Entrepreneur unbound. Who are ...

Locked content Moody’s: Poland’s fiscal decisions “positive and negative”

Analysis by credit ratings bureau Moody’s has re-assessed recent decisions by the Polish government, and has offered both praise and criticism. In a statement released on Monday, Moody’s analysts assessed the possible consequences of the government’s decision to lower the retirement age. It predicte...

Locked content BofA Merrill Lynch revises down GDP forecast for Poland

Bank of America Merrill Lynch (BofA) has revised down the Poland’s GDP growth forecast for this year from 3.6 percent to 3.3 percent following a weak Q2 2016, a statement informed. BofA also changed its estimates regarding Poland’s budget deficit, claiming the shortfall is “likely ...

Locked content Development Ministry downgrades Polish GDP forecast

The Ministry of Development has lowered a GDP growth forecast for 2016 from 3.5 percent to 3.4 percent and held a CPI inflation forecast at -0.5 percent. The whole year consumption should stand at 4.1 percent (correction from 3.9 percent) and investment will grow by 1.1 percent (correction from 1.5 ...

Locked content GUS: Poland’s GDP growth at 3.1% in Q2

Poland’s GDP growth rate stood at 3.1 percent y/y in Q2 2016, which is 0.1 percent higher than in the previous three months, the Central Statistical Office (GUS) announced on Tuesday. Economists had expected GDP growth in Q2 to be higher, at 3.3 percent y/y. According to the Finance Ministry&#...

Locked content Morawiecki: Polish GDP up to 3.5% in 2016

Poland’s GDP may grow by 3.4 – 3.5 percent in 2016, announced Deputy Prime Minister and Development Minister Mateusz Morawiecki on Friday. “There is a chance to exceed 3.5 percent in GDP growth in Q3 – Q4 2016, and this would mean a GDP growth of 3.4-3.5 percent in total in 2...