International Reserves in Poland
Poland - International Reserves
Economic 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 - International Reserves Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| International Reserves (EUR) | 82.6 | 86.9 | 108 | 94.6 | 102 |
Poland International Reserves Chart
Source: National Bank of Poland and FocusEconomics calculations.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.07 | -0.30 % | Dec 31 |
| Exchange Rate | 3.79 | -0.53 % | Jan 01 |
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Economic News
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Poland: Inflation surges to over eight-year high at beginning of the year
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).
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Poland: Growth slumps to three-year low in Q4
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.
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Poland: Growth eases in 2019 but remains resilient nonetheless
February 6, 2020
The economy grew 4.0% in 2019, according to a second estimate released by Poland’s Statistical Institute (GUS).
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Poland: Central Bank holds its ground in February
February 6, 2020
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 4–5 February monetary policy meeting, as had been widely expected.
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Poland: Manufacturing sector starts 2020 on a sour note
February 3, 2020
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, dipped to 47.4 in January from December’s 48.0.
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