Poland’s Gross Domestic Product (GDP) increased by 5.5% YoY in the second quarter, the Central Statistical Office (GUS) said on August 31. The figure is higher than the previous flash estimate, in which GUS said that in Q2 growth would be 5.3% YoY. In Q1, the country’s GDP rose by 8.5% YoY, GUS said. Investment…
As many as 87% of Poles feel strongly affected by increased food prices, a survey revealed on August 31. 71% said they were the most hit by rising fuel costs, while 45% named utility costs. According to the Payback Opinion Poll run by Payback Polska, rising inflation has forced Poles to cut their spending. When…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.1% YoY and by 0.8% MoM in August, the Central Statistical Office (GUS) reported in a flash estimate on August 31. Economists polled by PAP Business estimated that August CPI would reach 15.5% YoY and 0.2% MoM. In July, the prices of consumer…
The coming months should bring a slight inflation fall, with inflation expected at 14.5% at the close of Q4, an economic expert said commenting CPI results published by the Central Statistical Office (GUS) on August 31. GUS wrote that August inflation stood at 16.1% YoY and increased by 0.8% MoM. Jakub Rybacki from the Polish…
Poland was one of the EU’s three biggest beer producers in 2021, Eurostat, the EU’s statistical office, reported on August 30. Last year, just as in 2020, Germany was the top producer with 7.5 billion litres. This represents 23% of the total EU production of 33.1 billion litres of beer containing alcohol. Germany was followed…
Mateusz Morawiecki, the Polish prime minister, has said the government has approved a draft budget for 2023, and described it as “an ambitious budget for a difficult time”. According to Morawiecki, the draft “includes a number of guidelines and outlays, which are to ensure security to Polish families”. “All the social programmes, which have been…
Polish poultry farmers are increasingly focusing on growing ducks, intending to push the production performance to a record height in 2022, the National Chamber of Poultry and Feed Producers (KIPDiP) says. In 2022, the Polish duck population is expected to reach 25-27 million heads, up by 40-50% YoY, Katarzyna Gawronska, director of KIPDiP, estimates, adding…