Poland Economic Outlook
January 10, 2017Poland’s economy disappointed in 2016 as domestic politics, plunging investment and a weak external sector caused growth to slow sharply. Complete data for the third quarter confirm that GDP expanded at the weakest pace in three years, as reduced EU development funds caused a sharp contraction in investment. Data for the final quarter of the year suggest that the economy may have regained some steam. Industrial production rebounded in November and retail sales picked up. In addition, steady gains have been seen across the labor market and the unemployment rate rested at a multi-year low. Meanwhile, the political scene remains tense. A series of protests took place in December after the government attempted to restrict media access to parliament. While the move was eventually abandoned, the vote for the 2017 budget ended up taking place without the opposition present, sparking accusations that the government is backsliding on democracy.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.70||-1.10 %||Jan 23|
|Exchange Rate||4.06||-0.62 %||Jan 23|
|Stock Market||53,425||-0.28 %||Jan 23|
Poland Economic Growth
January 10, 2017GDP growth is seen picking up slightly in 2017 amid a strong labor market and a recovery in investment. The FocusEconomics panel sees growth of 3.1%, which is down 0.1 percentage points from last month’s projection. In 2018, the panel sees GDP expanding 3.2%.
Poland Economic News
January 19, 2017
In December, Polish industrial production expanded 2.3% over the same month of 2015, which was below the 3.3% increase recorded in November.
January 11, 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 10–11 January monetary policy meeting.
January 2, 2017
The Manufacturing Purchasing Managers’ Index (PMI) rose from November’s 51.9 to 54.3 in December, according to IHS Markit.
December 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 December, consumer prices rose 0.5% over the previous month in December, which was above the 0.1% increase in November.
December 23, 2016
In November, retail sales rose 6.6% over the same month of 2015, which was notably above October’s 3.7% increase.