Poland Economic Outlook
October 29, 2019
In parliamentary elections held on 13 October, the ruling right-wing Law and Justice (PiS) party won a second consecutive four-year term. Although the PiS increased its vote share from last time around, it retained the same number of seats in the lower house and, crucially, fell one seat short of obtaining an absolute majority in the Senate. While this could make for a bumpy legislative process, policy continuity is likely ahead, characterized by generous social spending and fiscal expansion. Against this political backdrop, growth seems to have further slowed in Q3, as a weak external environment dented industrial production growth and retail sales lost some steam. In other news, in early October, the EU’s top court ruled in favor of Polish borrowers with mortgages linked to the Swiss franc; the ruling will not represent a serious blow for Polish banks, however, as it provides for a case-by-case resolution.Poland Economic Growth
The economy will shift into a lower gear in 2020, weighed on by the challenging external backdrop, lower government investment growth, a less buoyant construction sector and as intensifying supply-side constraints restrain domestic demand. That said, robust consumer spending will continue to power the economy despite softening somewhat on fewer job gains. FocusEconomics analysts see growth at 3.5% in 2020, which is unchanged from last month’s forecast, and 3.0% in 2021.Poland Economy Data
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Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.89 | -0.30 % | Sep 04 |
| Exchange Rate | 3.93 | -0.53 % | Sep 04 |
| Stock Market | 56,176 | -1.13 % | Sep 04 |
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Poland Economic News
Poland: Inflation eases further in October
November 14, 2019
Consumer prices increased 0.2% over the previous month in October, following September’s flat print, according to data released by the Poland’s Statistical Institute (GUS).
Poland: Growth eases to near three-year low in Q3 but remains upbeat nonetheless
November 14, 2019
The economy grew 3.9% year-on-year (yoy) in the third quarter, marking the weakest expansion since Q4 2016, according to a preliminary estimate released by the Statistical Institute (GUS) on 14 November.
Poland: Inflation eases further in October
November 6, 2019
Consumer prices rose 0.2% over the previous month in October, following September’s flat reading, according to provisional data released by the Poland’s Statistical Institute (GUS).
Poland: Central Bank holds its ground in November
November 6, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 5–6 November monetary policy meeting, as had been widely expected.
Poland: Manufacturing sector dives at sharpest pace since mid-2009 in October
November 4, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, slumped to 45.6 points in October (September: 47.8 points), marking the worst reading since June 2009.
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