Poland Economic Outlook
April 2, 2019Growth climbed to an over 11-year high in 2018, which likely translated into a strong fiscal performance. Economic activity, however, seems to have softened slightly in Q1 2019, on the back of slowing albeit still robust consumer spending and fixed investment. In January-February, retail sales grew at a milder pace than in Q4 2018—probably due to a rise in unemployment—although still expanded solidly nonetheless thanks to healthy wage growth. As for the production sector, evidence is not yet conclusive; the strong showing of industrial production in the first two months of the year is at odds with contractionary PMI readings throughout Q1. Meanwhile, business confidence, although far from reaching the highs of mid-2018, remained positive throughout the quarter, hinting at healthy private sector activity.
Poland Economic GrowthLess buoyant consumer spending due to softer wage gains, coupled with slower fixed investment on the back of a reduced absorption of EU funds, will weigh on economic activity this year. Moreover, weaker growth in key trading partners will dent external demand. That said, the government’s fiscal stimulus could lead to upside surprises by boosting household spending. Met the why particular analysts see growth at 3.7% in 2019, up 0.1 percentage points from last month’s forecast, before decelerating further to 3.3% in 2020.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||2.91||-0.30 %||Apr 12|
|Exchange Rate||3.79||-0.53 %||Apr 12|
|Stock Market||60,969||-1.13 %||Apr 12|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Poland Economic News
April 18, 2019
Industrial output grew 5.6% year-on-year in March, according to the Central Statistical Office (GUS).
April 17, 2019
According to data released by the Central Statistical Office (GUS), consumer prices rose 0.3% month-on-month in March, following February’s 0.4% jump.
April 4, 2019
As widely expected by market analysts, the National Bank of Poland (NBP) kept the reference rate unchanged at a record-low 1.50% at its 2–3 April monetary policy meeting.
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, increased to 48.7 points in March (February: 47.6 points).
March 25, 2019
Manufacturing-sector business confidence lost some ground in March, according to the business tendency indicators released by the Central Statistical Office (GUS).