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.
Santander Bank Polska's 1st quarter net profit fell to PLN 170.9 million (EUR 37.78 million) from PLN 339 million (EUR 74.93 million) in the 1st quarter of 2019, the bank has announced in a report.
Poland's working-day adjusted industrial production rose by 3.6 percent year on year in February 2020, after growing by 3.4 percent year on year in January 2020, the European Union's statistics office, Eurostat, reported on Thursday.
Prices of consumer goods and services increased by 4.6 percent year on year in March 2020 and by 0.2 percent month on month, the Central Statistical Office (GUS) reported on Wednesday.
As countries around the world prepare their health services to deal with the coronavirus pandemic, the report by NimbleFins shows Poland has 60.52 beds for every 1,000 people aged over 70, the highest number in Europe.
This site uses "cookies". By staying on it, you agree to the use of cookies.
