2022-01-15
Too little too late in raising interest rates now?
NBP action lags behind other CEE central banks, while authorities pretend the elevated CPI to be a result of external supply shocks.
2022-01-08
Polish focus is on wages and demand, not production
The risk of wage-price spirals is increasing in front of labour shortages, commodity prices, and the tax changes introduced in the new “Polish Deal”.
2022-01-01
How to stop the wage-price spiral killing production?
Estonia showed one of the fastest recoveries from the crisis with an economic growth of 8%. However, a slow down is now expected.
2021-12-25
Productivity and competitiveness overcome any narrative on “transitory” factors
GDP growth projections for 2021-22 have been revised downwards, hit by shortages of materials, equipment, labour and rising energy costs.
2021-12-18
Export and Lithuania: EU is the CAB surplus
Last October the CAB surplus went up to €349.0 million. The primary income balance turned to surplus due to agricultural subsidies from the EU.
2021-12-11
Inflating consumer’s demand is not the antidote to the pandemic
In Latvia, real GDP has decelerated, hit by production and supply disruptions. The growth of purchasing power is uneven and exceeded by wages.
2021-12-04
Is budget to balance the key to enhancing real growth?
In Estonia, inflation of 7% in October was caused by a sharp rise in energy prices and blockages in the supply chain. Demand is driving an economic growth.
2021-11-27
Lithuania-China row: affordable loss or trade gamble?
Vilnius defended its right to expand cooperation with Taiwan, with huge potential for cooperation in semiconductors, lasers, and fintech.
2021-11-20
Clouds on the horizon for construction Made in Poland
Polish construction output is forecast to level off in 2021, and to rebound by more than 7% in 2022. Profit margins will deteriorate and fail to increase further.
2021-11-13
NBP throws water on the fire of prices and populism
The Polish economy continues to grow, driven by two engines: industry and services. Next year, demand and wage pressure will be the key drivers of inflation.