Poland Economic Outlook
March 7, 2017Poland’s economy appears to be gaining momentum at the start of 2017, after GDP growth edged up at the end of 2016. A tight labor market and government stimulus measures are fueling a consumption boom, evident in double-digit growth in retail sales in January. Industrial production also accelerated strongly in the same month and business confidence rose in February, as the economy kicked into a higher gear. Meanwhile, the government continues to clash with EU officials over the rule of law. The government is refusing to implement European Commission-demanded judiciary reforms to improve the state of democracy, after a series of controversial laws last year sparked concerns. The country could lose its voting rights within the EU if the conflict persists.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.58||-1.00 %||Mar 23|
|Exchange Rate||3.96||-0.22 %||Mar 23|
|Stock Market||59,094||0.59 %||Mar 23|
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Poland Economic Growth
March 7, 2017The economy is seen picking up moderately this year amid a recovery in investment and a tight labor market. The FocusEconomics panel sees growth of 3.1%, which is up 0.1 percentage points from last month’s projection. In 2018, the panel sees GDP expanding 3.3%.
Poland Economic News
March 14, 2017
Consumer prices rose 0.3% over the previous month in February, which came in a notch below the 0.4% increase in January.
March 8, 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 7–8 March monetary policy meeting.
March 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) fell slightly from January’s 54.8 to 54.2 in February, according to IHS Markit.
February 28, 2017
Poland’s economy gained steam in the fourth quarter amid a pick-up in exports and private consumption.
February 23, 2017
The manufacturing sector business climate index rose from 2.7 points in January to 4.5 points in February, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).