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New increased rating for Poland
After eight years, the US rating agency Standard & Poor’s (S&P) has made a change to the rating outlook for Poland. It now has raised from ‘stable’ to ‘positive’.
Poland’s economic growth in 2014
The Polish economy increased by 3.3% in 201, according to preliminary data of the statistical authority CIS. Poland has a leading place in Europe, with a significant higher economic growth than the EU average.
Poland GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Poland expanded 3.30 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Poland averaged 4.22 Percent from 1995 until 2014, reaching an all time high of 8.10 Percent in the fourth quarter of...
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National Bank of Poland (NBP) has cut interest rates for the first time since Summer 2013
The Monetary Policy Council (MPC) of the NBP has cut their interest rates for the first time since Summer 2013. Financial experts regarded this step as long overdue, but they have been surprised by the rate cut of 50 percentage points. Most of the market experts predicted 25 percentage points.
Changes to the rules of granting state aid within the Special Economic Zones (SEZ’s)
On 12th November, 2014 the Council of Ministers approved a draft of the Ruling on state aid granted for initiatives operating under a permit to conduct business activity in Special Economic Zones (SEZ’s). The Ruling should take effect by the end of 2014. The rules of granting regional aid have...
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The Future Inflation Index (WPI)
The Future Inflation Index (WPI) prognoses decreased again in November. Data shows that prices of goods and services in the upcoming months will decrease by 0.2% compared to October.
NBP’s vision for the economic development of Poland
In November, experts from NBP’s (Narodowy Bank Polski) Economic Institute presented their vision for the economic development of Poland, projecting inflation and GDP. In general the report shows that inflation and GDP will be lower than the figures forecast in July.
Poland’s economic indicators
Poland’s economic indicators 2014 Unemployment rate (%) Inflation / Year (%) Industrial production (%) September 8.7 -0.2 1.9 August 8.8 -0.1 0.3 July 8.9 – 2.4 June 9.1 0.3 1.8 May 9.2 0.3 2.1 April 9.4 0.3 5.6 March 9.6 0.6 5.5 February 9.8 0.7 5.3 January 9.9 0.6 6.5...
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Deflation in Poland fell by the record 0.6% in October on annual basis
Deflation in Poland surprised and fell by the record 0.6% in October on annual basis. This is probably the deepest deflation in 58 years (although data before 1990 is not fully comparable), since the early reign of Gomułka. This is the biggest problem for the Polish MPC which said the...
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Inflation in September 2014
In September prices for consumer goods and services recorded flat growth against the previous month, according to estimations of the Polish Statistical Office (GUS). Significant parameters were lower prices for fuel (1%), which offset higher prices (1.1%) in clothing and shoes, this was in line with the expectations of the...
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