NBP: business sector conditions good in Q3, but some downward signs
12:15
In Q3 of 2016, the condition of the business sector in Poland can still be considered good, but there were some signs of a downturn, according to information published on Monday by the NBP.
“In another quarter, signals of a worsening in the condition of the companies surveyed appeared. But the overall picture of the economic situation remained good, and forecasts suggest that this situation should continue in Q4. However, entrepreneurs are decreasingly optimistic about their growth opportunities in 2017,” the NBP states in its report.
According to the NBP, the reasons for these downward signals include changing legal regulations, growing fiscal expectations, and concerns about sales volumes. The high level of uncertainty has a negative effect on the strategic decisions of firms, including new investment and hiring.
