Poland's new industrial orders fell by 30.2 percent year on year in April 2020 after a 6.4 percent year on year decrease in March, the Central Statistical Office (GUS) said on Tuesday.
The sales of artefacts and antiques in Poland in 2019 reached PLN 162.5 million (EUR 36.1 million), up by PLN 29.1 million (EUR 6.5 million) or 21.8 percent year on year, the Central Statistical Office (GUS) has reported.
Poland's Harmonised Index of Consumer Prices (HICP) rose by 2.9 percent year on year in April 2020, down from the 3.9 percent growth in the previous month, the European Union's statistics office, Eurostat, reported on Wednesday.
New research by the Polish Economic Institute (PIE) has found that despite the pandemic crisis the situation for many companies has improved since March with the government’s Anti-Crisis Shield having thrown them a much needed lifeline.
S&P Global Ratings has revised its forecast for the decline in Poland's GDP to -4 percent in 2020 from the previous -2 percent, according to an S&P report from May 7.
The Polish economy is set to be the least affected in the EU by the Covid-19 pandemic, despite the virus bringing an end to around three decades of uninterrupted economic growth in Poland.
Poland's economy will contract by 0.5 percent in 2020 amid the coronavirus epidemic, and the growth will rebound to 5 percent in 2021, the Polish Chamber of Commerce (KIG) has forecast in its latest report.
The trend of food price growth may accelerate due to the risk of drought in Poland, state economic researcher the Polish Economic Institute (PIE) said in its recent analysis.
The report by PKO BP shows that 91 percent of startup founders in Poland are men, they employ over 30 staff and 10 percent of the 3,000 start-ups operating in the country co-operate with the financial sector,
The Polish economy will contract by 3.4 percent in 2020 due to the coronavirus pandemic, the Polish government predicted in an updated Convergence Programme, an EU-required fiscal plan for the next three years.
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