4 days ago
The beginning of 2025 with inflationary (negative) surprise in Poland
After a short break, emotions related to inflation publications from Poland’s economy have returned. Moreover, they have returned with a rather strong accent, because January CPI reading surprised (as in other countries in the region) upwards, accelerating to 5.3% yoy from 4.7% in the previous month. This reading is clearly higher than market expectations (5.0%). Compared to the previous month, consumer prices increased by 1.0%.
5 days ago
Poland was one of EU's three fastest-growing economies in Q4'24
As indicated by preliminary estimates of annual GDP, Polish economy accelerated to 3.2% yoy in Q4'24. The current economic recovery remains slow by historical standards. Despite this, Poland was EU's fastest-growing large economy and one of top three in general.
1 week ago
Tariffs on, tariffs off
Macro Compass February 2025 - our macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on the financial markets
2 weeks ago
Polish GDP accelerated at the end of the year
Polish economy surprised to the upside in 2024, having grown by 2.9% in the whole year and by 3.2-3.5% yoy in the fourth quarter. We expect 2025 to be even better, mainly due to investment.
3 weeks ago
Cooling of the Polish labor market in December
December turned out to be a month full of disapointments. Wage growth slowed to a single-digit level, which we haven't seen for a full year. In turn, employment deepened its declines to -0.6% yoy.
3 weeks ago
Disappointing end to 2024 in Polish industry
Polish industry disappointed again, having grown by a mere 0.2% yoy in December. In hindsight, the October spike in industrial output indeed was too good to be true. Looking ahead, most of the drags on Polish industry will fade in 2025.