Investing in Poland?

Date01 Sep 2017

getsix Poland

If you are looking to invest in Europe, look no further than Poland…

Find out in this latest report, a complete overview of the Polish market and if it’s worth investing there.

(Source: BNP PARIBAS)

‘Summary’

Consumer demand, local investments (financed by the EU) and consumer optimism remain the main factors conducive to economic growth in Poland.
Interest rates remain unchanged. The Monetary Policy Council does not foresee any increases in the coming months (the reference rate is currently at 1.5%).
The Consumer Price Index is forecast to reach 1.8% by the end of Q2 2017, which will be an increase of 2.7 p.p. in comparison with Q2 2016 (-0.9%).
At the end of Q2 2017, the unemployment rate had fallen to a record low of 4.7%, which is a decrease by 1.7 p.p. in comparison with the corresponding period in 2016 (9.1%). It is the lowest level in 26 years.
According to data from April 2017, average employment in the enterprise sector remains at a rate of almost 6 million (an increase of 4.6% year-on-year). The average gross monthly salary in this sector has risen to PLN 4,508.08, an increase of approximately PLN 270.00 compared to Q2 2016.

‘Prognosis’

In the coming quarters of 2017, it seems that GDP growth rate will remain at 4%.
Analysts from BZ WBK predict that CPI will remain at approximately 1.8% in Poland at the end of 2017.
According to labour markets research data, the unemployment rate will continue to decline and it is estimated that it will reach 7% by the end of 2017.

(Sources: Central Statistical Office / Ministry of Family, Labour and Social Policy)

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