The Polish economy is tightrope walking: PIE
23:59
Recession in Germany, a price and wage spiral, and slower economic growth due to delays in transfers of funds from the EU - this is a black scenario for 2022 according to the Polish Economic Institute (PIE). However, experts point out that these forecasts are very uncertain.
We have twenty months of pandemics behind us, the drastic increases in energy prices in recent months, as well as at least a few important economic events over the past few days. All this makes forecasting extremely difficult and it can be seen in the current macroeconomic estimates, pointed out Piotr Arak, director of the PIE. Therefore, even in December, there are many discrepancies among economists when it comes to GDP estimates for 2021.
However, analysts agree that the main trends in the economy will be determined by the persistently high inflation next year, which affects the situation in the labor market and changes in the energy sector contributing to the increase in prices. It is, of course, about the rising fuel prices and the need to invest in a green transformation.
