Poland’s GDP is overtaking Switzerland’s to become the 20th largest in the world.
economy
Inflation continues to slow in Poland, hitting 13-month low of 2.8%
Inflation has now stayed within the central bank’s 1.5–3.5% target for two months, prompting analysts to expect a rate cut next week.
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Polish ruling coalition party submits bill to roll back Sunday trading ban
However, there is no consensus within the ruling coalition to lift the Sunday trading ban.
Zloty returns to pre-pandemic exchange rate against euro after EU funds unlocked
In recent weeks, the zloty has also been rising strongly against other major currencies, including the US dollar, Swiss franc and British pound.
Poland one of only two EU countries with positive consumer confidence
Poland has also seen the bloc’s largest rise in consumer confidence over the last year.
Poland’s real wage growth fastest in 16 years
The salary growth was boosted by the record increase in minimum wage.
Inflation in Poland below 4% for first time in almost three years
Inflation has slowed rapidly from its peak of 18.4% in February last year.
Poland’s economic growth slowed sharply to 0.2% in 2023
It was Poland’s lowest GDP growth since the early 1990s, apart from the pandemic-induced drop in 2020.
Media “lie 24 hours a day” about inflation, says Polish central bank governor
Adam Glapiński suggests that, because elections are being held this month, they are trying to hide the “great success” in tackling inflation.
Inflation falls below 10% in Poland for first time since Russia’s invasion of Ukraine
Inflation slowed in September to 8.2% year-on-year, below analysts’ expectations of 8.5%.
Poles’ savings exceed 2 trillion zloty for first time
Poles’ savings grew 7.4% year on year, although their real value is being eaten up by inflation.
EU advises Poland to cut spending and improve targeting of social benefits
It also urges Poland to fulfil milestones agreed to unlock billions in post-pandemic recovery funds.
Rising cost of living has pushed 17% of Poles to take on additional employment, finds study
Most Poles (70%) say their financial situation has deteriorated over the last year, compared to 50% who said the same a year ago.
Poland recorded EU’s biggest GDP fall in fourth quarter of 2022
Poland’s seasonally adjusted GDP in Q4 of 2022 fell by 2.4% from the previous quarter, compared to a drop of 0.1% for the EU as a whole.
