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.
Despite Poland’s core inflation picture being the least favourable in the region, the government released a plan to increase permanent spending.
In an attempt to avoid an outright ban on sales of polluting vehicles, Warsaw will continue mining coal, which generates 70% of its power, until 2049.
Ukraine urges the EU to lift export restrictions on its agricultural products, whereas CEE countries claim local markets’ distortion.
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.
Although it is recognized that Poland did implement some changes, others that were requested have yet to be suspended.
Poland will temporarily stop all imports of grain from Ukraine. How additional restrictions to free markets would now improve the outlook?
The Polish industrial production fell 1.2% YoY, with GDP growth down to 1% in Q1. Wages continue to feed inflation, putting pressure on real disposable incomes.
In front of the highly remote target set on 2050, the atom is a key technology to achieve climate goals and carbon neutrality.
Kyiv’s major offensive could begin in less than two months. And Poland will be the first country to provide the Ukrainian resistance with fighter jets.