Compared to Q1 2021, gross domestic product (GDP) rose by 6.7% in Q1 2022, according to seasonally and calendar non-adjusted data at constant prices. GDP at current prices was EUR 8.1 billion. As compared to the previous quarter, GDP went up by 3.6% (according to seasonally and calendar adjusted data at constant prices). Compared to…
Inflation in Poland will stay at a double-digit rate until the end of the year, likely peaking in August, an analyst at the Polish Economic Institute (PIE) has predicted. Marcin Klucznik also said that during the summer, food prices would be 20% up YoY. The Central Statistical Office (GUS) announced on May 31 that the…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in May, the Central Statistical Office (GUS) reported on May 31. Analysts surveyed by PAP expected a 13.8% annual hike in consumer prices in May and a 1.6% monthly increase. In April, the prices of consumer goods…
Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said on May 31. The figure is in line with GUS’s previous flash estimate. In the fourth quarter of 2021, the country’s GDP rose by 7.6% year, GUS said. Investment went up by 4.3%, private…
More than 600 companies have relocated their capacities from the regions where hostilities are underway. Of those, 390 have already resumed operations. This was stated by the Ministry of Economy on Facebook. “More than 600 companies that took part in the relocation program have moved from the areas where the fighting continued. Some 390 of…
With inflation in Lithuania at its highest level in decades, up to 50% of the country’s population have cut back on spending, according to a new survey. Only around a fifth have not changed any consumption habits despite soaring prices, the survey conducted by Vilmorus for BNS suggests. The poll found that 40% of respondents…
As many as 98% of Polish municipalities have received aid under the government’s Strategic Investment Programme, Mateusz Morawiecki, the prime minister, has said. According to Morawiecki, each of the municipalities benefiting from the programme has seen at least one project approved. “We need an economic model that is based on solidarity, one in which the…