2025-02-11
Economic growth still backed by mere consumption, not export
Poland’s GDP growth in Q4 was 3.2% YoY, up from 2.7% in Q3, hauled by household consumption rising by 3.2% YoY and public consumption by 3.4% YoY.
Tag: construction
2024-12-24
Construction investments are only the tip of the iceberg
In Poland, the construction sector remains in a deep recession (-9.6% YoY in October). The first signs of a recovery are expected in 2025.
2024-09-24
The future of hospitality lies in harmony with nature
330-meters long, with 9 floors and 447 rooms, the longest hotel in Europe in Silesian Beskids can accommodate up to 1k guests.
2024-08-24
Only real growth and exports will set solid standards
Economic growth is still based on one pillar, and that’s consumption. With a persistently high core inflation, the question is: for how long?
2024-08-13
The care of tradition is fundamental to the future
Estonia has about twenty historic properties on the market: stately buildings are cheaper though subject to obligations and complications.
2024-04-23
Wealth thrives with efficient production and market salary
Timid manufacturing alongside a recovery in demand indicates weak exports, while pro-social government policies pump wages at the expense of productivity.
2023-10-21
Hope dies last, but doesn’t clear the dark clouds
Despite the decline in manufacturing, ING sees encouraging signs. However, wage growth leaves no space for doubt: the double-digit core inflation will stay.
2023-07-01
Risks grow in line with wages and expansionary fiscal policy
In Poland real interests are negative, and core inflation is still at the highest levels. Industrial output (-3.2%), construction (-0.7%), and retail sales (-6.8%) are all falling.
2023-05-06
Rate cuts are unlikely, as the context is odd
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.
2022-12-17
Supply chain improvement is just a timeout: energy is 60% higher
In Poland, the risk of annual growth falling to negative is high. And building construction will be one of the weakest spots of the domestic economy in 2023.