Fiscal Balance in Poland
Poland - Fiscal BalanceEconomic growth slowed in 2019 although remained sturdy nonetheless. Consumer spending was upbeat last year, supported by soaring wages, generous social transfers and a tight labor market, losing only little steam compared to the previous year. Fixed capital formation also remained rock-solid, buttressed by the fast absorption of EU funds. On the other hand, destocking seems to have been a considerable drag on the economy, likely due to uncertainties related to Brexit and weakness in the German car industry. Heading into 2020, evidence is somewhat mixed: in January, although the PMI index lost some ground, business confidence clocked a sharp rebound, which bodes well for private sector activity. Meanwhile, in the political arena, Parliament backed a controversial law to discipline judges in late January, which could lead to further frictions with EU institutions.
Poland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.7||-2.7||-2.2||-1.5||-0.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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February 21, 2020
Nominal retail sales rose 5.7% year-on-year in January, down from December’s 7.5% jump.
February 20, 2020
Industrial output rose a timid 1.1% year-on-year in January, following the stronger 3.8% uptick recorded in December, according to the Central Statistical Office (GUS).
February 14, 2020
Consumer prices surged 0.9% over the previous month in January, following December’s 0.8% jump, according to a flash release by the Poland’s Statistical Institute (GUS).
February 14, 2020
The economy grew 3.1% year-on-year in the fourth quarter (Q3: +3.9% year-on-year), marking the weakest expansion since Q4 2016, according to a preliminary estimate released by the Statistical Institute (GUS) on 14 February.
February 6, 2020
The economy grew 4.0% in 2019, according to a second estimate released by Poland’s Statistical Institute (GUS).