Poland’s Gross Domestic Product (GDP) increased by 3.6% YoY in the third quarter of 2022, the Central Statistical Office (GUS) said on November 30. The figure is slightly higher than the previous flash estimate in which GUS said that in Q3 GDP growth would be at 3.5%. In Q2, the country’s GDP rose by 5.8%,…
Poland’s inflation rate is expected to slow down in March 2023, the Polish Economic Institute (PIE), a government think-tank, has said commenting on the latest figures from the Central Statistical Office (GUS). GUS reported on November 30 that the Polish consumer price index (CPI) increased by 17.4% YoY in November on a 0.7% MoM increase.…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.4% YoY and by 0.7% MoM in November, the Central Statistical Office (GUS) reported on November 30. Economists polled by PAP Business estimated that November’s CPI would reach 18% YoY and by 1.1% MoM. In October, the prices of consumer goods and services…
Poland’s record-high inflation may start to drop in the second quarter of 2023, according to Mateusz Morawiecki, the prime minister. Poland saw the prices of consumer goods and services (Consumer Price Index, CPI) soar to 17.9% YoY, and by 1.8% MoM in October, the Central Statistical Office reported. The CPI is now at its highest…
Mateusz Morawiecki, the prime minister, has said that Poland will keep a zero VAT rate on food in the first half of 2023. The Polish government introduced a shield, which brought in a number of VAT cuts on food and fuel, at the end of 2021 to combat rising inflation but in its present form…
Polish companies have provided more than 700 tons of equipment and materials to help Ukraine restore its energy infrastructure, the Ministry of Energy of Ukraine has said in a statement following a meeting of the Ukrainian-Polish working group on energy. “With the logistical support of Poland’s Government Agency for Strategic Reserves (RARS) and the assistance…
Poland’s unemployment rate remained unchanged MoM at 5.1% in October, the Central Statistical Office (GUS) reported. Economists polled by PAP also expected a 5.1% unemployment figure in October. The number of registered unemployed measured 796,000 in October against 801,700 in September, GUS also said. Earlier, the Family and Social Policy Ministry estimated October’s unemployment at…