Poland Economic Outlook
June 7, 2016Poland’s economy started 2016 on a weak footing as in Q1 GDP expanded at the slowest pace in over two years. Fixed investment deteriorated notably on the back of reduced EU funds, public spending decelerated and the external sector weakened in Q1. Conversely, private consumption, which has been the backbone of Poland’s strong performance in recent quarters, remained solid. Data from April and May were more encouraging and point to a pickup in Q2. In April, industrial production and retail sales strengthened notably, while the unemployment rate continued to fall. Businesses remained confident and the PMI pointed to expansionary conditions in May. Meanwhile, Moody’s decision in May to cut the outlook on Poland’s A2 credit rating from stable to negative represents a setback for the economy. Moody’s main reasons for the cut were increasing fiscal risks due to a notable rise in expenditures and that the new Government’s shift to less predictable policies and legislation have led to a weaker investment climate.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.09||1.11 %||Jun 21|
|Exchange Rate||3.91||0.67 %||Jun 21|
|Stock Market||45,782||0.97 %||Jun 21|
Poland Economic Growth
June 7, 2016Poland’s economy is set for another fast expansion this year thanks to its solid economic fundamentals. However, uncertainties surrounding the new government’s policies represent a downside risk. Our panelists expect the economy to expand 3.6% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees economic growth broadly stable at 3.5%.
Poland Economic News
June 13, 2016
Consumer prices in May increased 0.1% over the previous month, which was below the 0.3% increase recorded in April and expected by market analysts.
June 8, 2016
Amid a lack of inflationary pressure in the economy, the National Bank of Poland (NBP) decided to keep its reference rate at the record low of 1.50% at its 7–8 June monetary policy meeting.
June 1, 2016
Poland’s economy started the year on a soft note according to recent data released by the Central Statistical Office of Poland.
June 1, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from April’s 51.0 to 52.1 in May, according to a release provided by Markit.
May 31, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 May, consumer prices in May increased 0.1% over the previous month, which was below the 0.3% increase recorded in April and expected by market analysts. In annual terms, consumer prices dropped 1.0% in May, which followed the 1.1% fall recorded in April.