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 Cuts Interest Rates: Powell Reassures Markets Amid Economic Strength and Avoids Recession Fears

The Fed has cut interest rates more significantly, but at the same time, it didn't frighten the market with fears of a recession. Powell emphasized the strength of the...

Not only Poland threatened by excessive deficit

Poland has been subjected to the Excessive Deficit Procedure. What is the Excessive Deficit...

Fed’s Aggressive Rate Cut Signals Victory Over Inflation and Shifts Focus to Labor Market

The Fed has decided on a 50 basis points cut, which means that the...

Ukraine’s entry into the EU may still take many years. It could have a significant impact on Polish agriculture and labor market

Ukraine's accession to the EU will mean significant changes for Polish agriculture and potential...

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,...

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...

Central Eastern Europe: Inflation is back on the rise

The disinflationary trend in Central Eastern Europe (CEE) has come to an end. Allianz Trade expects inflation to pick up again and exceed...

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...

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