Monday, September 16, 2024

Deloitte: Poland enters the phase of economic expansion

The divergence of economic moods in Poland...

Two Years On: War in Ukraine and Its Global Impact

On February 24, 2022, a full-scale Russian...

Inflation Readings Day

Tuesday morning passed under the dictate of inflation readings. Recently these data are better in that they do not cause horror like last year. These remain key results for...

Fed Prepares for First Rate Cut Since 2020

After last week's decision by the European Central Bank (EBC) to lower interest rates...

Polish budget for 2025 increases spending and inflation risk, pushing away interest rate cuts – long-term fiscal risk grows

The European Central Bank (EBC) has lowered interest rates and, according to expectations, the...

Challenges in Public Finance Management: Record Deficit and Rising Budget Expenditures in 2025

Managing public finances will pose a challenge in the coming years. The 2025 budget...

CPI Inflation in the U.S. Approaches Target

CPI inflation in the U.S. reached 2.5% year-over-year in August. The inflation rate has...

Eurozone Retail Sales Slide Despite Easing Inflation

Retail sales in the eurozone fell by 0.8% year on year. Month on month, sales also fell by 1.1%. The average annual level of...

RPP Meeting: No Rate Change Expected, Focus on March and Inflation Path

On Tuesday, February 6, the Monetary Policy Council (RPP) is starting a two-day meeting with the decision scheduled to be announced on Wednesday, February...

Poland faces an excessive deficit procedure from the EU

In the European Union, there is a procedure known as excessive deficit, which sets an invariable level of 3% GDP. The current government- after...

Inflation Concerns Outweigh Relief Calls: No Rate Cuts in February

Economists agree that there will be no significant cuts to interest rates in February 2024. This implies that consumer and mortgage loan repayments are...

Poland is poised to be the European growth leader in 2024, with a GDP growth forecast of 3.7%

GDP will increase by 3.7% in 2024. In 2025 and 2026 it will fluctuate around 3% Inflation will hit the 2.5% NBP (National...

Fed in better shape than ECB, but waits for inflation to stabilize

As expected, the Federal Funds Rate remained unchanged. However, Jerome Powell's press conference was more significant than the decision itself. The chairman has not...

Year 2023: GUS Data Confirms Predictions of Near-Zero GDP Growth in Poland

The long-term trend of Poland's real GDP per capita growth during the transformation period between 1992 and 2021 was 3.5 percent. This period saw...

Poland’s Country Risk Assessment Remains Stable

Country Risk Atlas: In 2023, 21 economies raised their risk rating, while only 4 were downgraded; for Poland, it remained unchanged (economic risk assessment...

In the world of two economic speeds, Poland stands aside and grows

Currently, consumers are much more willing to spend money on entertainment than on durable goods. That's why service-oriented economies like the United States are...

Germany in Recession, Switzerland Reassures on Inflation, Hungary Cuts Rates Again

Germany has once again reported a downturn in its economy for the fourth quarter in a row. Switzerland has provided reassurances regarding inflation growth...

Capital Gains Tax Reliefs Under Consideration: Partial Changes Likely Amidst Surging Revenue

In the Ministry of Finance, work is underway on the announced reliefs in the so-called Belka tax (capital gains tax). Politicians from various parties...

Bank Millennium Sees Polish Economy Growing 2.9% in 2024 on Private Consumption and Interest Rate Cuts

Bank Millennium forecasts a 2.9 percent economic growth with an upward perspective for 2024, which will be primarily driven by resurging private consumption, lowering...

Eurozone on the right track for a soft landing

While private consumption and investment remain weak in the eurozone, the labor market is exceptionally strong, with real incomes growing. This bodes well for...

The strong US economy allows the Fed to maintain a restrictive course

Data about the US GDP was one of the last significant numbers that the market learned before next week's Federal Reserve meeting. The increase...

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