The informal economy is believed to amount to hundreds of billions of zloty per year, with estimates of its size ranging from 9% to 30% of GDP.
economy
Poland’s manufacturing shows signs of recovery for first time in almost three years
Manufacturing PMI, a key gauge of industry activity, rose above 50 in February, its highest reading since April 2022.
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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.
Poland ranked as sixth best economy during pandemic among rich countries
Poland performed better than the US, Canada, France, Germany and the UK in The Economist’s ranking.
“Poland will be best place to live in Europe,” pledges prime minister
Mateusz Morawiecki also hailed the fact that already many Polish emigrants have chosen to return to their homeland.
Poland posts record GDP growth amid strong pandemic recovery
Poland recorded a GDP growth of 10.7% year-on-year in the second quarter.
