The turbulence buffeting sectors such as the energy market, which has helped drive up in inflation in Poland, appears to be abating, the head of the Polish central bank said on Thursday.
Current figures confirm a gradual slowing of Poland's economy, the head of the Polish central bank said on Thursday.
Poland's exports will increase by 17.1 percent year on year in 2022, posting a slightly weaker growth than in 2021, the Polish Chamber of Commerce (KIG) said on Tuesday.
Poland's inflation, which reached 15.5 percent in July, will start going down after the summer holidays and will fall within the central bank's target range in 2024, said Adam Glapinski, governor of the National Bank of Poland (NBP).
The Polish government will introduce a package of tax cuts, including reduction of excise on fuels and electricity, to mitigate the effects of inflation driven up by high gas and electricity costs.
Poland's government approved a bill on Wednesday implementing new tax measures related to its new flagship reform, the Polish New Deal.
The finance minister has stated that the recent economic expansion data show the strength of the Polish economy, which has been quickly returning to a path of growth after the coronavirus-related crisis.