Tag: Stanisław Gomułka

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Monetary Policy Council Lowers Interest Rates; Further Cuts Expected – Says BCC Chief Economist Prof. Stanisław Gomułka

Today, the Monetary Policy Council (Rada Polityki Pieniężnej, RPP) decided to lower interest rates. Further reductions are expected soon, according to the chief economist...

Poland’s Economy Grew by 3.7% in Q1 2025 – What Lies Ahead?

According to Poland’s Central Statistical Office (GUS), the country's GDP in the first quarter of 2025 grew by 3.2% year-on-year in unadjusted terms, and...

Poland’s 2024 Budget Revision and 2025 Deficit Forecast: Challenges and Opportunities

In late October, the Polish government announced a revision of the state budget for 2024 and an updated budget proposal for 2025. The key...

Higher deficit, increase in social and defense spending, energy and environmental reforms

The government announced at the end of October a revision of the national budget for 2024 and a proposed budget revision for 2025. The...

Real Interest Rate and Political Costs: How the National Bank of Poland Affected Inflation and the Political Situation in Poland

The Consumer Price Index (CPI) inflation in 2023 was 11.5%, therefore an increase in the price of consumer goods and services of 4.9% over...

Large public expenditures after flood force government to adjust deficit and risk exceeding debt limits

High public spending related to the unusually extensive flooding in the south and west of Poland is forcing the government to previously mentioned deficit...

Decrease in Number of Debtors to ZUS Despite Rising Overall Debt

At the end of the first half of 2024, 622,300 active payers were in debt to the Social Insurance Institution (ZUS), representing a decrease...

Ukrainian Mobilization Law and the Polish Issue: Experts Reassure Stability of Our Labor Market

According to economists, the recently introduced mobilization law in Ukraine will not significantly impact the labor market in our country. Although some Ukrainians may...

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...
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