Sunday, November 24, 2024

Dollar on the offensive again

Data from Poland did not impress, but no one expected miracles in the construction market after the expiration of government support. Noteworthy is the dollar, which once again decided...

PMI indicates weakening of the economy and euro

The condition of the European economy is not good. This is confirmed by the...

BCC: Consumer Sentiment Continues to Decline

In November 2024, the Consumer Confidence Index (BWUK) dropped by 1.3 percentage points month-on-month,...

October Inflation in Poland at 4.1%: What It Means for Future Rate Decisions

We have received the final October reading of Polish inflation today. It stands at...

Core inflation in Poland is declining slower than expected. Bitcoin rebounds

Despite recent successes measured by consumer inflation, there are still some warning signs in Poland. One of them is core inflation, which is currently...

Core Inflation Cools, But Rate Cuts Remain on Hold for Poland

In April, core inflation, excluding food and energy prices, stood at 4.1% year-on-year, compared to 4.6% in March, according to the NBP. A few...

Private Consumption Could Be the Main Driver of Poland’s Economic Growth This Year

The April core inflation reading was 4.1% year-on-year. Excluding energy and food, prices increased by 0.7% month-on-month. The year-on-year core inflation rate has been...

Despite Early Concerns, the Polish Zloty Shows Strength in 2024

In January, some analysts predicted a difficult year for the Polish currency. Technically, the charts of major currencies against the PLN approached 13-year support...

IMF Raises Global GDP Growth Forecast to 3.1% for 2024, Citing Surprising Economic Resilience

According to the World Economic Outlook, the International Monetary Fund (IMF) expects the global GDP to grow by 3.1 percent this year. This is...

Ministry of Finance Reports Budget Deficit of 39.9 Billion PLN in Poland (as of April)

The budget deficit after April amounted to 39.9 billion PLN, the Ministry of Finance announced in a statement. As noted, this is 21.7% of...

Oil Prices Stabilize, But Base Effect Continues to Drive Inflation

Over the last 30 days, the price of Brent crude oil has fluctuated between $81.80 and $90.38 per barrel, settling above $82 in mid-May,...

Inflation in Poland Rises to 2.4% Year-on-Year in April, Confirming Previous Estimates

The prices of goods and consumer services in April this year increased by 2.4% compared to the same month last year, while in March...

GDP Growth in Poland Exceeds Expectations in Q1 2024

According to preliminary estimates by the Central Statistical Office, seasonally unadjusted GDP in the first quarter of this year increased by 1.9% in real...

Economic Recovery in the EU: European Commission’s Forecast for 2024-2025

After a challenging year in 2023, characterized by overall economic stagnation, 2024 brings positive changes. Economic growth in the first months of this year...

Inflation Data and Economic Sentiment Shifts

Yesterday, we received the final inflation readings, which went almost unnoticed. However, a lot happened after the very good reading of the business sentiment...

Polish Zloty Strengthens

Until recently, we were wondering whether the dollar would reach the level of 4 PLN. Today, we are almost 4 groszy below that level....

Over 1.1 Million Foreigners Registered for Pension Insurance in Poland, Ukrainians Remain the Largest Group

At the end of April, 1.143 million foreigners were registered for pension and disability insurance, including 763,000 Ukrainians, according to data published by the...

Assessing Poland’s Multiannual Financial Plan for 2024-2027

In the coming years, the government will face challenges including the continuously rising national debt, a deepening demographic crisis, a faster increase in labor...

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