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...

Polish interest rates remain unchanged following the Monetary Policy Council meeting

The Monetary Policy Council (MPC) has once again left interest rates in Poland unchanged. In its statement following the MPC meeting, it once again...

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...

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