wiiw Forecast Reports
POLAND: A temporary slowdown in growth
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Adam Żurawski
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 96-99
The Polish economy has proved surprisingly resilient so far. But growth is already slowing. High interest rates are having a major effect on private consumption and investment, while inflation is eroding the real value of current wage incomes. Symptoms of excess supply abound. However, falling inflation and a recovery in household incomes will gradually restore demand and sales, thereby paving the way for an acceleration in growth. But these positive developments will set in only towards the end of 2023.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Poland