Polish economy faces black shadows: survey

Managers in charge of risk assessment are not optimistic when communicating their observations and forecasts regarding the situation in the domestic economy, a qualitative study conducted by the Allianz Trade and the Polish Institute of Credit Management.

 In their view, a significant deterioration of the economic situation, including an increase in payment bottlenecks between companies, is to be expected in the coming year, which could trigger a wave of bankruptcies and insolvencies. As many as nearly 82 percent of respondents declare a pessimistic assessment of the economic outlook for Poland in 2023. The survey shows that the key impacts on the economy and business relations at present are the crisis caused by rising inflation (30 percent), the energy crisis (28 percent), as well as broken supply chains (18 percent), and the situation in Ukraine (16 percent).

"The assessment of the economic situation and the mood among corporate finance executives are consistent with our analysis that no industry in Poland can feel safe anymore," Sławomir Bąk, vice president of risk assessment at Allianz Trade in Poland, believes.

(WBJ)