Over 80% of the Polish public appreciate the economic benefits of EU membership, while 82% see its results in an improved situation on the labour market, according to a report by the Polish Economic Institute (PIE). May 1 marked Poland’s 18th anniversary of EU accession. During this time, the country’s GDP per capita has grown…
Global ratings agency Moody’s has affirmed Poland’s long-term credit rating at the A2 level, an upper-medium grade, with stable outlook. Moody’s acknowledged Poland’s efforts to increase its energy security and bolster NATO guarantees, the resilience of the country’s economy and its strong institutional framework as well as a beneficial structure of debt and its relatively…
Poland is facing double-digit inflation, the president of the Polish Development Fund has said. The warning comes, as prices of consumer goods and services (Consumer Price Index, CPI) increased by 12.3% YoY and by 2% MoM in April, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that…
This year’s economic growth is expected to reach 3.8%, while annual inflation is to amount to 9.1%, according to a Finance Ministry macroeconomic forecast published on April 26. The government approved a multi-year financial plan for the years 2022-2025, part of which was an updated convergence program to be handed over to the European Commission…
Poland’s unemployment rate fell to 5.4% in March from 5.5% February, the Central Statistical Office (GUS) reported on April 26. The number of registered unemployed measured 902,100 in March against 921,800 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated March’s unemployment also at 5.4%. (The First News/Business World…
Poland is helping Ukrainian refugees, but they are also helping Poland by taking up vacant jobs, Mateusz Morawiecki, the Polish prime minister, has said. Since February 24, when Russia invaded Ukraine, a total of 2,944,000 people have crossed the Polish-Ukrainian border into Poland, the Border Guard (SG) report. Most of the refugees have stayed in…
Poland’s general government sector deficit will reach 4% of GDP in 2022, Mateusz Morawiecki, the prime minister, has said. Last year, according to Central Statistical Office data, Poland’s general government deficit settled at 1.8%. “This year the deficit of the public finance sector will be higher, at the level of around 4%,” Morawiecki said at…