Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 2.4% MoM in January, the Central Statistical Office (GUS) reported on February 15. Economists polled by PAP Business estimated that January’s CPI would reach 17.7% YoY and 2.7% MoM. In December 2022, the prices of consumer goods and services…
The central Polish city of Lodz has once again headed the list of the country’s most congested cities, according to a report by satellite navigation maker TomTom published on February 15. TomTom’s Traffic Index report said that due to traffic jams, Lodz’s drivers lost 77 hours in 2022. However, in terms of the slowest-moving traffic,…
The latest GDP data show that Poland may see a “soft landing” and avoid a recession, the Finance Ministry has said. Poland’s Gross Domestic Product (GDP) increased by 2% YoY in the fourth quarter of 2022, the Central Statistical Office (GUS) reported in a flash estimate. Poland’s economy expanded by 3.6% YoY in the third…
Poland’s Gross Domestic Product (GDP) increased by 2% YoY in the fourth quarter of 2022, the Central Statistical Office (GUS) reported in a flash estimate on February 14. Quarter on quarter, the GDP shrank by 2.4%. Poland’s economy expanded by 3.6% YoY in the third quarter of 2022 after a 5.8% growth in the second…
Poland’s current account deficit fell to EUR 2.53 billion at the end of December 2022, against a deficit of EUR 313 million recorded at the end of November 2022, according to central bank figures released on February 13. Market analysts expected the deficit to amount to EUR 1.51 billion. Poland recorded a EUR 2.72-billion deficit…
The European Commission (EC) has downgraded predicted Polish GDP growth in 2023 from 0.7% to 0.4%. “Elevated inflation and low consumer and business confidence are expected to keep weighing on economic growth in the coming quarters,” the EC wrote on February 13 in its Winter 2023 Economic Forecast. “In particular, declining real incomes amid an…
The value of Polish exports to Russia fell by almost 40% YoY from January to November 2002, analysts from the Polish Economic Institute (PIE) said. In a PIE report on the economy, experts added that the decline in exports had occurred despite a general increase in the total value of Polish exports and prices. PIE…