2022-03-26
Simple focus on consumption propels air in GDP bubble
Household consumption will keep sustaining the Polish economic growth o\in 2022, and high producer prices will be passed on to final consumers.
Tag: Poland
2022-02-26
Beware of Kaliningrad, the spearhead of the attacker in the Baltic
NATO’s Achilles heel in the Russia-Ukraine war. Beware of Kaliningrad, Russia outside Russia, a crossing point between Europe and the three Baltic countries.
2022-02-12
Polish hawkish rhetoric sees hope in a stronger złoty
GDP and consumption booms continue, but price-wage spiral too, as consequence of expansionary economic policy in recent years.
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”.
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.
2021-10-09
How populism throws the stone but hides its hand
The ruling of the Constitutional Tribunal introduces aspects of a legal Polexit, harming the judicial cooperation between Polish and European courts.
2021-10-02
Poland: inflation tax and axe (+7%) delivered to consumers
ING estimates strong price pressure due to the continued rise in fuel, food and energy. In August, PPI accelerated to 9.5% YoY.
How affordable is a chess game against the EU?
Rulers in Warsaw are undermining the independence of courts, media and NGOs. Forgetting that the primacy of European laws is a key principle of the integration.