2023-09-26
Never underestimate how much poverty inflation and rhetoric bring
Poland’s central bank lowered interest rates despite inflation standing at 10%. The zloty immediately lost value against the dollar and the euro.
Tag: inflation
2023-09-16
Manufacturing and sales downturn weights on the wage-price spiral
Inflation will close to 9%, while the low estimates of competitiveness in Germany and Finland deepen the economic uncertainty.
2023-09-09
Lithuania is resilient and competitive, let’s not derail
Vilnius’ economy is predicted to slightly contract this year (-1.4%) before bouncing back (+2.9%) – as long as the focus is on innovation and productivity.
2023-09-02
There’s no easy nor rapid way out of stagflation
Estonian GDP shrank by 2.9% YoY: about 40% of the value created by companies is intended for export, which since last year has lost competitiveness.
2023-08-26
Election big spending is only a victory for inflation
Poland raises spending on defence, health, social benefits, and public-sector pay: all money supply that sets an exchange of nothing for something.
2023-08-08
The cost of living crisis is here to stay
While most of consumers expect prices to stay high, Polish inflation is set to receive a boost with a 60% increase in child benefit payments (+0.8% GDP).
2023-07-29
Hope dies last: core inflation is more persistent than ever
Latvia’s inflation projections are revised downwards. But the wage-price spiral is not taken into consideration: in Q1 wages already edged up by 12%.
2023-07-08
The real slump to beware it’s the money value
The purchasing power of wages has not yet returned to where it was, their paid-out exceeded 10% throughout the first five months of the year.
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.
2023-06-24
Despite rosy optimism, uncertainty is the queen
Pressure on current expenditures in social, healthcare, and defence will only mount over time. Business expectations are indeed pessimistic.