Poland Economic Outlook
February 7, 2017Poland’s economy lost momentum throughout 2016 as reduced EU development funds and controversial domestic politics curtailed investment. GDP expanded at the slowest pace since 2013, despite buoyant household spending thanks to government stimulus measures and an improving labor market. Leading indicators for 2017 suggest that growth may be on the upswing, after bottoming out in Q4. The manufacturing PMI picked up and business confidence improved in January. Meanwhile, the IMF cleared an over EUR 8 billion credit line for the country on 13 January. The flexible credit line is precautionary and will provide the government with some breathing room amid an extremely uncertain global environment. U.S. monetary policy normalization, Brexit negotiations and the EU’s heavy election calendar all make Poland susceptible to a number of external shocks in the medium term.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.81||-0.65 %||Feb 24|
|Exchange Rate||4.09||0.51 %||Feb 24|
|Stock Market||58,657||-1.56 %||Feb 24|
Poland Economic Growth
February 7, 2017GDP growth should accelerate moderately this year but will remain subdued overall as investment recovers. The FocusEconomics panel sees growth of 3.0%, which is down 0.1 percentage points from last month’s projection. In 2018, the panel sees GDP expanding 3.2%.
Poland Economic News
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).
February 23, 2017
In January, retail sales in Poland rose 11.4% over the same month of 2016, which was well above December’s 6.4% increase.
February 17, 2017
In January, industrial production expanded 9.0% over the same month of 2016, which was well above the 2.3% increase recorded in December and was the highest reading since February 2011.
February 14, 2017
Poland’s economy picked-up pace in the final quarter of 2016, according to a preliminary flash estimate released by the Central Statistical Office of Poland.
February 13, 2017
Consumer prices rose 0.4% over the previous month in January, which came in lower than the revised 0.7% increase in December (previously reported: +0.5% year-on-year).