Public Debt in Poland
Poland - Public DebtAvailable data indicates that activity continued to grow at a robust albeit more moderate pace in Q3. While slowing from their average rate in Q2, retail sales grew at a solid pace in July–September, while the unemployment rate fell, highlighting upbeat domestic demand dynamics. Moreover, industrial output growth held up well in the quarter, while exports posted double-digit growth in a sign of a continued recovery in foreign demand. In politics, relations with the EU have been further strained this month, with Poland continuing to ignore calls to dismantle a judicial disciplinary chamber which the ECJ has ruled as lacking true independence. Tensions have been exacerbated by the ECJ fining Poland for not complying, and the European Commission withholding its approval for the country’s recovery plan, effectively cutting off access to billions of euros of EU funding.
Poland - Public Debt Data
|Public Debt (% of GDP)||51.3||54.3||50.6||48.8||46.0|
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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November 23, 2021
Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase.
November 22, 2021
Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase.
November 15, 2021
Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase.
November 12, 2021
According to a preliminary estimate, GDP growth lost steam in the third quarter, slowing to 5.1% year-on-year from 11.2% in the second quarter.
November 3, 2021
At its meeting on 3 November, the National Bank of Poland (NBP) raised the reference rate by 75 basis points to 1.25%, which was a larger hike than expected by market analysts.