Health and beauty boost the natural value of Polish exports
In Poland, organic food is going to reach 10% market share by 2030, while natural and organic cosmetics segment has been increasingly recognised.
In Poland, organic food is going to reach 10% market share by 2030, while natural and organic cosmetics segment has been increasingly recognised.
In 2021 the USA was the main investor in the country. Last September, the deficit on the current account balance slightly narrowed.
In 2021 and Q1 2022, the Polish metals and steel sector rose with elevated growth and profits, followed by additional purchases at the brick of the war.
In Latvia, the second half of this year and the beginning of 2023 will see an even stronger slowdown of economic growth and energy resources.
Elevated inflation is weighing on the propensity to consume and keeps undermining the purchasing power, while GDP growth decelerates.
The Estonian IT sector is the most competitive in CEE, thanks to its business environment and the implementation of online services.
In Estonia, the consumer basket price was 24.8% higher YoY. Orders have declined, making harder to pass the higher costs to the final products. Competitiveness is at stake.
Polish industrial production grew by 7.6% YoY, thus decelerating rapidly in recent months. The economy and the labor market must adjust to a new energy shock.
Even in uncertain times, Estonia’s FDI inflow as a percentage of the GDP is the 4th-largest in Europe, thanks to the business legislation and government’s efficiency.
The growth in the deficit was due to the payment of dividends, while the increase in the foreign trade deficit resulted from a decline in exports.