Fiscal Balance in Poland
Poland - Fiscal BalanceGrowth was resilient in the second quarter, buttressed by the domestic economy and despite headwinds stemming from the slowdown in the Eurozone. Consumer spending was spurred by healthy wage growth and a falling unemployment rate, while fixed investment also expanded robustly despite losing some steam from Q1’s stellar performance. Growth appeared broadly stable at the outset of Q3: In July, industrial production rebounded, retail sales growth jumped and the unemployment rate dipped. That said, business confidence was weaker in July-August than in Q2. On 27 August, the government presented a balanced budget for 2020. The budget, partly based on one-off revenues and which still needs to be approved by Parliament, has been interpreted by some analysts as a move to boost public support ahead of parliamentary elections on 13 October. Despite two recent high-profile resignations, the ruling Law and Justice party leads the polls by a wide margin.
Poland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.1||-3.7||-2.7||-2.2||-1.5|
5 years of economic forecasts for more than 30 economic indicators.
|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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September 13, 2019
Consumer prices were unchanged over the previous month in August, matching July’s print, according to data released by the Poland’s Statistical Institute (GUS).
September 11, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 10–11 September monetary policy meeting, as had been widely expected.
September 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, rose to 48.8 points in August (July: 47.4 points).
August 30, 2019
Consumer prices were unchanged over the previous month in August, matching July’s reading, according to provisional data released by the Poland’s Statistical Institute (GUS).
August 30, 2019
Poland’s economy grew 4.5% year-on-year in unadjusted terms in the second quarter of this year, according to a revised estimate released by Poland’s Statistical Institute (GUS) on 30 August.