Prosperity Index in Poland: biggest drop in 11 years
17:09
The Prosperity Index, reflecting the economic condition of Polish society, fell by 3.6 points in February 2020, the Innovation and Economic Cycles Office (BIEC) said.
Such a deep one-off drop in the indicator was recorded for the last time 11 years ago, in February 2009, when the Polish economy as a result of the global crisis grew at a rate of 1.5 percent, on an annual basis, enterprises reduced employment and real wages maintained their purchasing power thanks to falling inflation.
The decrease in the indicator results, among others, from a significant increase in prices. According to CSO data, inflation increased by 4.4 percent in January. year to year, the strongest since 2011.
BIEC says that the decline in the rate is a signal for job seekers that it will be increasingly difficult to find a job or change the current one. It will also be more difficult to negotiate salary increases with your employer.
