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.
economy
How Poland shook off its past and became Europe’s growth champion
Alicja Ptak
Once one of Europe’s poorest states, Poland is now on track to match Spain and Italy.
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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.
Inflation unexpectedly slows to 17.4% in Poland, first fall since February
Analysts believe the figures mean inflation has peaked this year, but warn that it will rise again early next year.
Integration of Ukrainians can boost Poland’s GDP up to 3.5%, finds Deloitte report
But Poland must support the learning of Polish, ensure access to the housing market, and help refugees find work matching their skills and qualifications.
Discount retailer Woolworth to enter Polish market
“Our analysis shows that the retail trade in Poland has enormous potential,” says Woolworth Polska’s CEO.
Number of Poles living in extreme poverty falls 20%
But experts warn that soaring inflation, including rapidly rising energy prices, and the refugee crisis could see poverty rise again this year.
Reconstruction of Ukraine can bring Poland 190 billion zloty
“Polish institutions and companies can share their experience with Ukraine,” writes Pekao bank.
New mortgage applications fall 70% in Poland following interest rate rises
The total value of new mortgages has also fallen by 73% year on year, according to data from the Credit Information Bureau (BIK).
Inflation unexpectedly rises further in Poland to new 25-year high of 16.1%
“Ouch,” said analysts at mBank, commenting on inflation figures that exceeded most forecasts.
Poland’s central bank chief elected for further term
Adam Glapiński received the backing of the ruling party but the opposition has questioned whether he is legally entitled to another term.
Poland wealthier than Portugal for the first time, show EU data
Poland has overtaken Portugal on Eurostat’s measure of GDP per capita taking account of purchasing power standards.
Poland forecast to have EU’s highest inflation this year
But it will also have the EU’s joint third highest GDP growth, according to new forecasts from the European Commission.
Unemployment in Poland falls to lowest level in decades and second lowest in EU
Unemployment in Poland was 2.9% in December 2021.
