wiiw Forecast Reports
POLAND: The fight against inflation set to cause collateral damage
publication_icon
Adam Żurawski
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 99-102
The Polish economy has proved surprisingly resilient so far. Industry has performed strongly in the first months of 2022, despite the unfavourable conditions. But growth will slow in 2022 and beyond. Rising interest rates are affecting consumption and investment, and inflation is eroding the real value of current incomes. In addition, the export prospects look less promising than before the war. To cap it all, essential imports (e.g. energy, metals) may be in short supply, or else become prohibitively expensive.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Poland