High inflation more dangerous to the Polish economy than Covid
21:12
The economic diagnosis of the current situation of the Polish economy and the related recommendations to the government were the topics of the conference ‘Macroeconomic challenges and forecasts for Poland’, which took place during the Consumer Finance Congress in Warsaw. The recommendations were developed on the basis of the results of a survey in which several dozen Polish economists took part.
Most of the respondents indicated high inflation as the phenomenon that poses the greatest threat to the Polish economy. This indicator was considered even more dangerous than the Covid-19 pandemic and the restrictions and limitations related to it.
The dispute between the government and the European Commission and the risk of its further escalation was identified as the second greatest threat to the condition of the Polish economy. Threats resulting from the dynamically growing prices of energy carriers in recent weeks were ranked fourth. Admittedly, they were included in the survey among the broad inflationary risk, but they also constitute a separate threat, which is a huge challenge for the Polish economy.
"If the prices of energy carriers do not stop growing as dynamically as in recent weeks, we are in danger of weakening the competitiveness of the entire economy. European funds could help us, but they have just been suspended," Ludwik Kotecki, former deputy finance minister, explained.
