The International Monetary Fund has raised its forecast for Poland’s GDP growth in 2024 to 2.8% from 2.3%, and lowered it to 3.2% in 2025 from 3.4%, according to the latest version of the IMF’s cyclical World Economic Outlook report. The report does not provide justification for the forecasts. In November 2023, the European Commission…
Foreign companies invested over EUR 7 billion in Poland last year which almost doubles the 2022 figure of EUR 3.7 billion, the head of the Polish Investment and Trade Agency (PAIH) reported. Marcin Fabianowicz, PAIH director, said that the record value of foreign direct investments (FDI) in 2023 was guaranteed primarily by Intel’s decision to…
The Polish government on January 24 approved a bill to make emergency contraceptive pills more accessible, reversing a restriction introduced by the previous nationalist government in 2017 and relaxing a near-total ban on abortion, beginning to fulfill promises made by Prime Minister Donald Tusk, reported Reuters. The 2017 legislation, passed by the Law and Justice…
Poland’s industrial production in December 2023 was slightly better than market expectations, with output falling by 3.9% YoY against an expected decline of 5.6%, this caused economists to forecast a rebound in the sector in 2024, with domestic demand being the main driver. Economists from the Polish Economic Institute wrote on X, that they saw…
Poland’s industrial production prices fell by 6.4% YoY in December 2023 against a PAP consensus for a 5.8% decrease, Poland’s Central Statisical Office (GUS) reported. On a monthly basis, the prices dropped by 0.8%. Economists polled by PAP expected December 2023 industrial production prices to drop by 0.6% MoM. (PAP/Business World Magazine)
Poland’s Sejm, lower house of parliament, has passed a budget bill that will enable the new government to fulfill some of its key election promises, but involves a deficit exceeding EU recommendations. According to the budget bill approved by the Sejm on January 18, state revenues are planned at nearly PLN 682.4 billion (EUR 154.9…
Close to 18.5 million passengers were serviced at the Polish capital city’s Chopin Airport last year, compared to 14.4 million travellers in 2022, the airport announced. The airport, in a press release published on January 16, reported that it handled 18,499,527 passengers in 2023, up by 28% YoY. The report added that, also in 2023,…