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Selected tag: GDP
1 week ago
Rising hawkish tide leaves the NBP behind
MacroCompass June 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
5 weeks ago
Polish economy started to slow down
In Q1’26 Poland's GDP slowed to 3.4% yoy, matching consensus, but coming below our rather optimistic forecast (3.8% yoy). At this stage, we do not know the details of Q1 GDP, but we assume the main reason for the slowdown was a sharp drop in construction investment caused by a harsh winter. These figures, in our opinion, were not meaningfully affected by the Iran war – we expect to see these effects in the coming quarters, though. In our view, Poland's GDP will rise by 3.5% this year and by 2.7% next year.
5 weeks ago
The global economy running on empty
MacroCompass May 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
2 months ago
Ceasefire takes tail risks off the table
MacroCompass April 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
3 months ago
Only good news from Polish economy
MacroCompass March 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
4 months ago
The MPC will wait until March to resume rate cuts
MacroCompass February 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets