Thursday, September 19, 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...

Fed Surprises with Aggressive Interest Rate Cut and Signals Further Reductions

The Federal Reserve made an unexpected cut in interest rates by 50 basis points, surprising the market, even though the probability of such a move was estimated at 65%....

The FED is as unpredictable as never before. Will it decide on a stronger move before the elections?

The Federal Reserve has not been this unpredictable for a long time. However, markets...

Inflation Readings Day

Tuesday morning passed under the dictate of inflation readings. Recently these data are better...

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...

What Will the European Elections Change in the Economy?

The upcoming European Parliament elections are the only elections in which we can directly choose our representatives in the institutions of the European Union....

ECB Decision: Rates Down, But Significant Cuts Awaited Until 2025

The European Central Bank (ECB) has lowered interest rates by 0.25 percentage points to 4.25 percent. This decision aligns with market expectations, which have...

Local governments are counting on governmental changes in the financing system. Ministerial solutions are also needed in the areas of education and healthcare

The Ministry of Finance plans to introduce changes in the funding of local governments. Local government revenues would be based on the local tax...

In Poland: Monetary Policy Council Expected to Keep Interest Rates Unchanged at 5.75% Today

Today, we will learn the latest decision of the Monetary Policy Council regarding interest rates. The market consensus suggests that, as in previous meetings,...

Polish Industry Shows No Signs of Improvement

In May of this year, the PMI for the manufacturing sector in Poland dropped to 45 points from 45.9 points recorded in April, according...

Consumption and Foreign Trade Drive GDP Growth in Poland

Gross domestic product (GDP) in Poland, unadjusted for seasonal variations, increased by 2% year-on-year in Q1 2024, compared to a decline of 0.4% in...

ECB Will Cut Rates, But What’s Next?

Next week, the ECB is likely to cut interest rates by 25 basis points, despite recent weaker inflation data and stronger negotiated wage growth....

Inflation Rose Slightly in May, Larger Increases Yet to Come

According to preliminary data published by the Central Statistical Office (GUS), inflation in May was 2.5% year-over-year. This is an increase of only 0.1...

May PMI Readings from Germany Confirm the Acceleration of the Service Sector

In Germany, the CPI inflation rate in May was 2.4% year-over-year compared to 2.2% in the previous month. This reading was in line with...

Experts Predict GDP Growth for Poland in 2024

Experts forecast an increase in Poland's GDP in 2024. A factor that will negatively impact GDP for most of the year is trade exchange....

AI Revolution: Poland Stands to Gain $90 Billion Annually

EY's analysis indicates that the rapid spread of artificial intelligence will lead to increased economic activity over the next three to five years. Capital...

Mixed Economic Data from Poland and Positive PMI Surprises in the Eurozone and the USA

- This week brought somewhat mixed data from the Polish economy. Industry surged by 7.9% year-on-year in April, following a revised decline of -5.6%...

Eurozone Manufacturing PMI for May Rises to 47.4, Indicating Signs of Recovery

The Manufacturing PMI for the eurozone in May was 47.4, compared to 45.7 points the previous month. The reading was better than the forecast...

Strong Wage Growth Continues to Drive Economic Growth in Poland

The average wage in the enterprise sector in April 2024 increased by 11.3% year-on-year. This reading was lower than the forecasts (12.1%) and lower...

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