2022-06-25
Export and housing down amid rising costs of credit
Upward pressure from commodity prices continues and symptoms of a marked economic slowdown are visible in the construction industry.
Tag: Poland
2022-05-21
It’s citizens who pay market distortions and inflation policies
In Poland, second-round effects thrive in an environment of expansionary fiscal policy, buoyant wages growth, and consumption boom.
2022-04-16
Appreciation is not enough in the fight against inflation
The Bank of Poland takes its main rate to 4.5%, projecting 6.5% this year and 7.5% in 2023. Meanwhile, companies are passing higher costs on to CPI.
2022-04-09
Is the Green Dream postponed by Ukraine’s wake-up call?
As coal has the biggest potential to lower gas demand, Poland wants to use it to produce electricity after 2049 to bolster its energy security.
2022-04-02
Fighting fire with fire… it’s consumers who get burnt
The conflict in Ukraine has created another excuse to blame inflation on oil and natural gas, rather than the increase in the money supply.
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.
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”.