Poland Economic Outlook
August 2, 2016The Polish economy grew at the slowest pace in two years in Q1 as a sharp decline in EU development funds hit investment. The slowdown looks to have been temporary as recent data suggest that the economy regained steam at the end of the second quarter: industrial production and retail sales both accelerated in June. Meanwhile, political developments in the country are a growing concern. The government continues to clash with European officials over democratic backsliding and is at risk of losing its voting rights in the Union. On top of this, controversial and unclear policies regarding pension reform and plans to deal with USD 36 billion in Swiss-franc-dominated mortgages are worrying investors and adding to pressure on the zloty.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||2.77||-1.74 %||Aug 03|
|Exchange Rate||3.84||-0.37 %||Aug 03|
|Stock Market||46,762||-0.57 %||Aug 03|
Poland Economic Growth
August 2, 2016Political uncertainties are weighing on Poland’s economic outlook. In addition, contagion from Brexit is expected to strain investment and export earnings. The FocusEconomics panel cut Poland’s growth outlook by 0.2 percentage points this month and now sees GDP expanding 3.3% this year. For 2017, the panel also sees economic growth of 3.3%.
Poland Economic News
August 24, 2016
In July, retail sales rose 2.0% over the same month last year, which was below June’s 4.6% increase and marked a four-month low.
August 24, 2016
The manufacturing sector business climate index increased from 3.1 points in July to 4.8 points in August, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
August 19, 2016
In July, industrial production fell 3.4% over the same month last year, which notably contrasted the 6.0% growth recorded in June.
August 15, 2016
According to the Central Statistical Office (GUS), consumer prices fell 0.3% over the previous month in July, which contrasted the 0.2% increase recorded in June.
August 12, 2016
Poland’s economy picked up slightly in the second quarter, according to a preliminary flash estimate released by the Central Statistical Office of Poland.