Poland Economic Outlook
April 4, 2017Activity is firming up in Poland’s economy after a slowdown in H2 2016. Business confidence hit a 19-month high in March and retail sales posted another month of solid growth in February, as consumers benefitted from government stimulus measures and a tightening labor market. In addition, investment is poised for a rebound in Q1 thanks to quicker absorption of EU funds. While the government’s stimulus measures are supporting a spending spree in the economy, they are likely to strain public finances this year and next, which will be further aggravated by a reduction in the retirement age. FocusEconomics panelists see the fiscal deficit rising close to the EU’s limit of 3.0% of GDP this year.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.47||0.99 %||Apr 06|
|Exchange Rate||3.98||0.19 %||Apr 06|
|Stock Market||59,406||0.06 %||Apr 06|
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Poland Economic Growth
April 4, 2017Growth should edge up from 2016’s 2.8% on the back of a recovery in investment. The FocusEconomics panel sees growth of 3.3%, which is up 0.2 percentage points from last month’s projection. In 2018, the panel also sees GDP expanding 3.3%.
Poland Economic News
April 11, 2017
Consumer prices dropped 0.1% in March over the prior month, contrasting February’s 0.3% increase and matching the preliminary estimate released on 31 March.
April 5, 2017
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 April monetary policy meeting.
April 3, 2017
The Manufacturing Purchasing Managers’ Index (PMI), decreased from 54.2 points in February to 53.5 points in March, according to IHS Markit.
March 31, 2017
According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 March, consumer prices declined 0.1% over the previous month in March, which contrasted February’s 0.3% increase.
March 23, 2017
The manufacturing sector business climate index rose from 4.5 points in February to 6.4 points in March, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).