External Debt in Poland
Poland - External DebtThe economy expanded strongly in the first quarter, beating market expectations. A marked accumulation of stocks shielded against supply side disruptions and drove the acceleration. Strong, albeit softer, private consumption growth amid a healthy labor market further supported activity. The pace of economic growth should moderate in Q2, partially due to a waning low base effect. Industrial activity cooled in April, likely weighed down by supply chain constraints, while inflation continued to soar. Business sentiment remained subdued in April and May, while the PMI moved into contractionary terrain in May. That said, retail sales skyrocketed in April. Meanwhile, the government terminated its agreement with Russia to receive gas, while parliament approved a judicial reform to meet EU demands, paving the way to receive EU recovery funds.
Poland - External Debt Data
|External Debt (% of GDP)||70.5||75.3||68.2||63.0||59.1|
5 years of economic forecasts for more than 30 economic indicators.
Poland External Debt Chart
Source: National Bank of Poland and FocusEconomics calculations.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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December 5, 2022
GDP growth decelerated to 3.6% year on year in the third quarter, from 5.8% in Q2, amid notable decelerations in consumer spending and fixed investment growth.
December 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 43.4 in November, up from 42.0 in October.
November 28, 2022
Inflation came in at 17.9% in October, which was up from September’s 17.2%.
November 25, 2022
Business confidence rose to minus 20.6 in November from October's minus 21.1, which had marked the worst reading since May 2020.
November 24, 2022
Retail sales grew 18.3% in year-on-year terms in October, which followed September's 21.9% increase.