Poland’s economic growth in 2024 will surprise to the upside and may significantly exceed 3%, the head of the Polish development fund PFR Pawel Borys has said. “I believe that Poland’s economic growth in 2024 will surprise positively and could be significantly above 3%,” Borys wrote on the X platform. “A soft landing scenario is…
Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by global rating agency Fitch on November 10. According to the agency, “Poland’s ratings are supported by a diversified economy, a fairly sound macroeconomic framework anchored by EU membership, and slightly lower public debt levels than rated peers. This is…
Poland’s inflation is expected to fall further, but at a slower pace than to date, the central bank’s governor, Adam Glapinski, has said. “Inflation will still be decreasing in Poland, but its further decline will be slower than to date,” Glapinski said at a press conference on November 9, the day after the Monetary Policy…
Poland’s Monetary Policy Council (MPC), the Central Bank’s rate-setting body, has kept interest rates unchanged. The reference rate remained at 5.75%, the lombard rate at 6.25%, the deposit rate remained at 5.25%, the rediscount rate at 5.8% and the discount rate at 5.85%, the MPC announced after its sitting on November 7-8. Analysts expected MPC…
Polish retail sales went down by 0.4% YoY in September after a 0.1% increase in August, Eurostat, the EU’s statistics agency, reported on November 8. Month on month, retail sales went up by 1%, the agency also said. Retail sales in the eurozone fell by 2.9% YoY in September after a 1.8% decrease a month…
Poland recorded a 5% unemployment rate in October, which was in line with expectations, the Ministry of Family and Social Policy said. The registered unemployment rate in Poland in October was 5%, unchanged compared to September, according to preliminary data from the ministry. “The following months may bring a slight increase in unemployment, resulting from…
Mateusz Morawiecki, the Polish prime minister, has praised the economic policy of the incumbent Law and Justice (PiS) government and said that PiS is leaving the public finances in very good condition. The results of Poland’s October 15 parliamentary elections indicate the new government may be formed by three former opposition parties. In an interview…