Fear of recession sends 65% of households into cautious spending mode

As many as 65% of Polish households are afraid that the economic slowdown will adversely affect their budgets. Out of that figure, 74% plan to limit their current expenses. All income and social groups expect to be more thrifty, with, for example, 60% of managers and 57% of entrepreneurs planning to limit their spending. Despite several interest rate cuts this year, 17% out of those who plan to limit spending, said that they would have to abandon their plans to take loans, while 44% said they would refrain from major planned purchases such as white goods or furniture. (Rzeczpospolita, p.A1, B1) T.J..