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Poland
Featured Content
Macroeconomy
Eastern Europe: External Accounts
Capital Inflows to Emerging Europe Brace for a Slowdown
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia : Russia, CIS and the Caucasus : Southeast Europe : Europe : Macroeconomy : Capital Flows, FDIs, Capital Controls : Current Account : Trade and External Balance :
Eastern Europe: Public Finances
Czech Fiscal Policy: More Spending Cuts in the Pipeline
Poland: The Coalition Partners Reach Compromise on Pension Reform
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Macroeconomy : Fiscal Policy :
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Poland: Economic Profile
Polish Monetary Policy: Inflation Accelerates to 4.0% y/y in April
Polish Macro View: Q4 2011 Growth Revised Upward to 4.4% Y/Y
Emerging Europe and CIS : Poland : Emerging Markets : Europe : Macroeconomy : Fiscal Policy : Growth Outlook and Business Cycle :
IMF's Role in Central and Eastern Europe
Romania: New Government Wins IMF Backing for Wage Rises
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Serbia : Southeast Europe : Europe : Macroeconomy : Current Financial Crisis : IMF and International Economic Institutions : Systemic Risk, Vulnerabilities and Asset Bubbles :
Euro Adoption Path for EU Newcomers
EU Newcomers' Euro Adoption: Delays Expected Due to Eurozone Debt Crisis
On the Back of Euro Adoption, Estonia Re-elects Coalition Government
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Frontier Markets : Macroeconomy :
Poland: Fiscal Policy
Poland: The Coalition Partners Reach Compromise on Pension Reform
Pseudo-Privatizations in Poland
Emerging Europe and CIS : Poland : Europe : Macroeconomy : Fiscal Policy :
Poland: Monetary Policy
Polish Monetary Policy: Inflation Accelerates to 4.0% y/y in April
Emerging Europe and CIS : Poland : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
EU Newcomers: Monetary Policy
Hungary Monetary Policy: Headline Inflation Accelerates to 5.7% y/y in April
Romanian Monetary Policy: April CPI Slumps to a Record-Low of 1.8% y/y
Emerging Europe and CIS : Hungary : Poland : Romania : Southeast Europe : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
Finance & Banking
Geostrategy
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Reform of the European Union
Belgium Takes the EU Helm on July 1: Financial Oversight Dominates Policy Challenges
EU Politics: Lisbon Treaty Comes into Force
Czech Republic : Emerging Europe and CIS : Eurozone : Poland : Europe : Geostrategy : Foreign and Domestic Political Risk : Foreign Policy and Geostrategic Risks : International Organizations :
Political Risk in Eastern Europe
Czech Politics: Government Survives Confidence Vote
Romania: New Government Wins IMF Backing for Wage Rises
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia, CIS and the Caucasus : Southeast Europe : Emerging Markets : Europe : Frontier Markets : Geostrategy : Foreign and Domestic Political Risk :
Eastern European Energy Security
Russia Launches Nord Stream Pipeline: European Clients to Receive Gas by November
Russian Deal With Ukraine Eases Fears of Another Winter Gas War
Commonwealth of Independent States : Emerging Europe and CIS : Eurozone : Nordics : Poland : Russia : Russia, CIS and the Caucasus : Serbia : Southeast Europe : Europe : Geostrategy : Commodities : Energy : Energy Security and Policy : Foreign Policy and Geostrategic Risks : Natural Gas : Oil and Energy :
Key Indicators
BOP
Current Account, USD - Poland
Current Account, USD - Poland
-418, -575, -923, -1939, -1454
-1,454
Registered Unemployed
Unemployment Rate, % - Poland
Unemployment Rate, % - Poland
11.7, 12.3, 13, 13.2, 13.1
13.1
GDP
Total, Corresponding Period Previous Year = 100 - Poland
Total, Corresponding Period Previous Year = 100 - Poland
103.3, 103, 103.5, 104.2, 104.4
104.4
CPI
Total, Corresponding Period of Previous Year =100 - Poland
Total, Corresponding Period of Previous Year =100 - Poland
103.1, 103.8, 103.6, 104.3, 104.5
104.5
POL ITS Exports f.o.b. total
National Currency, Monthly Level, PLN (millions) - Poland
National Currency, Monthly Level, PLN (millions) - Poland
4.09, 2.65, 9.51, 16.29, 16.79
16.79
Central bank interest rate
Deposit facility (end-of-period) NSA - Poland
Deposit facility (end-of-period) NSA - Poland
2, 2.25, 2.25, 2.25, 2.5
2.5
data by Factset
Poland Outlook: Still Outperforming the Region
The growth rate is set to soften, reflecting the waning effects of inventory restocking, continued fiscal tightening and reduced foreign demand. Big-ticket infrastructure projects ahead of the Euro 2012 soccer championship will continue to make up for a drop in private investment until the middle of this year, but ease thereafter. The risk-on environment and zloty rebound will facilitate a gradual decline in the inflation rate through 2012 and convince the National Bank of Poland (NBP) to bring forward the start of the easing cycle, to Q4.
Read the latest Poland Outlook
Economic Research
Central Bank Watch
Central Bank Watch Focus: The Evolution of Emerging Market Monetary Policy
By Feb 9, 2012
Europe Weekly
German Slump; French, Finnish Elections; Eastern Europe Monetary Policy; EZ Calendar
By Jan 13, 2012
Europe Weekly
EZ Pitfalls in 2012; Italian GDP; New Spanish Government; Swedish Monetary Policy; Hungarian, Polish Banks; EZ Calendar
By Dec 23, 2011
Europe Weekly
EZ Crisis Response; Eastern Europe Banks; ECB Monetary Policy; Hungary and the IMF; Belgian Politics; EZ Calendar
By Nov 25, 2011
Europe Weekly
Eurozone Contagion; Italian Politics; UK Asset Purchases; Danish, Polish Monetary Policy; EZ Calendar
By Nov 11, 2011
Europe Weekly
EZ Summit Questions; ECB’s Next Rate Move; German Obstacles; Swedish Rate Cuts; Resilient Polish Consumption; Italian Politics; EZ Calendar
By Oct 28, 2011
Europe Weekly
Slovakia Ratifies EFSF; EZ Inflation Peaks; UK Unemployment to Rise; Poland’s Fiscal Overhaul
By Oct 14, 2011
Europe Weekly
Germany's EFSF Ratification; Sarkozy's Dwindling Re-Election Hopes; Poland's Currency Intervention
By Sep 30, 2011
Global Economic Outlook
Emerging Europe and CIS Outlook Update: Weaker Growth Across the Region
By Sep 16, 2011
Europe Weekly
Finnish Collateral Demands, Polish Consumption, Czech Rating Upgrade, EZ PMIs, Portuguese Consumption
By Aug 26, 2011
Economic Research
Strengths and Vulnerabilities in Emerging Europe: A Balance Sheet Approach
By Aug 19, 2011
Europe Weekly
UK Monetary Policy; Eurozone Inflation; Swedish Households; Eastern European Banks; Turkish Consumer Confidence; Polish Manufacturing
By Jul 22, 2011
Europe Weekly
Greek Debt; Volatile Turkish Inflation; Fragile Irish Growth; Russia's Weak Fixed Investment; Poland's Shale Gas Bonanza; Denmark's Bank Woes
By Jul 8, 2011
Europe Weekly
ECB Collateral Holdings; German Dynamics; UK Corporates; Turkish Monetary Policy; Polish Consumption; Hungarian Mortgage Relief
By May 27, 2011
Economic Research
Eastern Europe: Are Higher Commodity Prices a Monetary Policy Game-Changer?
By Mar 21, 2011
Global Economic Outlook
Central Europe Outlook: Externally Driven Growth and Inflation
By Mar 18, 2011
Europe Weekly
Eastern Europe Monetary Policy; Icelandic Policy Rate; Irish Fiscal Challenges
By Mar 18, 2011
Economic Research
Central Europe: December PMIs Point to Strong Growth, Mounting Price Pressures
By Jan 7, 2011
Europe Weekly
Ireland’s Political Game; Germany’s Economic Slowdown; UK’s Banking Vulnerabilities
By Nov 26, 2010
Economic Research
Europe Weekly Spotlight: Eurozone Q2 Growth; Is Germany Rebalancing?; Polls Near in Latvia and Sweden
By Aug 13, 2010
EconoMonitors
Emerging Markets Channel
History in the Making: Eight Years After the Referendum, on the Eve of the European Union Presidency
Jun 13, 2011
Daily Digest
News
Poland May Reach For Bond-based Tool To Sell State Assets During Crisis
Dow Jones Newswires May 23, 2012
Analysis
CEE Fixed Income Daily: Chart of the day- CEE CDS spread widening has abated; Polish Industrial Output grows almost in line with consensus
Erste Bank (free registration required) May 22, 2012
Analysis
CENTRAL EUROPEAN DAILY: CEE currencies calm down for a while; Polish macro-figures should confirm flat-rate scenario
KBC Research May 21, 2012
Analysis
Poland: Industrial and construction-assembly production in April 2012
Central Statistical Office of Poland May 21, 2012
Analysis
Poland Backs French Call for EU Growth Pact; Czech Republic: CNB to Cut Rates in June; Russia: Q1 Growth a Reason for Optimism
BNP Paribas May 18, 2012
Analysis
Poland: Average paid employment and average gross wages and salaries in enterprise sector in April 2012
Central Statistical Office of Poland May 18, 2012
Analysis
Polish Weekly Review: CPI accelerating...again, but labor market weakens
BRE Bank May 18, 2012
Analysis
Regional Economic Prospects in EBRD Countries of Operations: May 2012– Transition Economies in the Shadow of the Eurozone Crisis: Managing the Fallout
EBRD May 18, 2012
Analysis
CEE Insights: How will the GDP trajectory look like in the reminder of this year?
Erste Bank (free registration required) May 18, 2012
Blogs
Poland’s Central Bank Says Ready for Zloty Intervention, Market Skeptical
Wall Street Journal May 17, 2012
Analysis
Central European Daily: As contagion intensifies sell-off in Central Europe too; CNB is heading for rate cut already in June
KBC Bank May 16, 2012
Analysis
Emerging Markets Briefer: May 2012 – Greek and Chinese worries hit Emerging Markets hard
Danske Markets Research May 16, 2012
Analysis
CEE Fixed Income Daily: Czech GDP fell much more than expected in 1Q12; Hungary's GDP figures grim, but only a slight negative surprise to us; CEE fixed income
Erste Bank (free registration required) May 16, 2012
News
Price indices of consumer goods and services in April 2012
Central Statistical Office of Poland May 15, 2012
Analysis
Central European Daily: CEE currencies still under pressure on Greece; Czech and Hungarian GDP slip in negative territory
KBC Bank May 15, 2012
Blogs
Polish Central Bank Governor Hopes Euro Won’t Break Up Accidentally
WSJ Emerging Europe May 14, 2012
Analysis
Central European Daily: Contagion from EMU brings regional sell-off; Czech leading indicator at crossroads
KBC Bank May 14, 2012
Analysis
CEE Fixed Income Daily: Hungary - Budget Deficit Forecast; Romania - Industrial Production
Erste Group Research May 14, 2012
Analysis
CEE Weekly - Poland: Risks to the optimistic GDP outlook increase; Hungary: New permanent tax measures; Czech Republic: Economy returns to slow growth in Q1; Romania: New government approved, budget deficit target revised
Raiffeisen Research May 11, 2012
Analysis
New Europe Economics & Strategy: Financial markets in the region trim part of their recent gains
EFG Eurobank May 11, 2012
Blogs
EU Sees Slowing Economy, Narrowing Budget Gaps Among New Members
WSJ Emerging Europe May 11, 2012
Analysis
CEE Insights: How realistic is the fiscal target outlined in the convergence/stability program?
Erste Group Research May 11, 2012
Analysis
CEE Fixed Income Daily: Romania - Bond auction went well, Czech Republic - First industrial production y/y contraction since Nov. 2009
Erste Group Research May 11, 2012
Analysis
Poland: NBP hikes the rates to 4.75%, but Zloty fails to gain as euro-fears weigh down on region
KBC Bank May 10, 2012
Analysis
CEE Fixed Income Daily: Hungary - Budget and Interest Rates; Poland - Interest Rates
Erste Group Research May 10, 2012
Analysis
Poland: Surprise rate hike, more hikes rather unlikely but cannot be ruled out yet
Raiffeisen Research May 10, 2012
News
Poland: Information from the meeting of the Monetary Policy Council held on 8-9 May 2012
National Bank of Poland May 09, 2012
Blogs
Polish Central Bank Raises Interest Rates, Some See Risk of Mistake
Wall Street Journal May 09, 2012
Analysis
CEE Financial Market Report: Economic Expectations for the CEE Region Reversed
ZEW (Centre for European Economic Research) and Erste Bank May 04, 2012
Analysis
CEE Weekly: Poland: Rate hike next week unlikely; Hungary: Bumpy ride ahead in EC/IMF talks; Czech Republic: 1% VAT hike in 2013 almost certain; Romania: Parliament votes Monday on the Ponta cabinet
Raiffeisen Research May 04, 2012
Analysis
CEE Insights: Which part of the yield curve currently looks relatively undervalued?
Erste Group Research May 04, 2012
Analysis
CEE Fixed Income Daily: Czech rates unchanged, successful bond auctions in Hungary
Erste Group Research May 04, 2012
Analysis
CEE Fixed Income Daily: Romania- March retail sales confirm slight recovery; CEE Fixed income
Erste Bank (free registration required) May 03, 2012
Analysis
EMEA Weekly: Polish central bank to stay on hold; Baltic macro update
Danske Markets Research May 03, 2012
Analysis
HSBC Poland Manufacturing PMI: Polish manufacturing business conditions deteriorate in April
Markit Economics and HSBC May 02, 2012
Analysis
Polish Weekly Review: Retail sales boosted by Easter effect; MPC ready for a hike in May (but watch for ECB)
BRE Bank Apr 27, 2012
Analysis
CEE Weekly: Poland: Wait-and-see policy of MPC; Hungary: 2012 Convergence Program; Czech Republic: Government likely to survive; Romania: NBR likely to cut the key rate again; Turkey: More frequent tightening
Raiffeisen Research Apr 27, 2012
Analysis
Central European Daily: The NBP members divided on the rate hike; Czech cabinet will survive the confidence vote
KBC Bank Apr 27, 2012
Analysis
CEE Insights: Czech Republic- Government should survive; Hungary gets green light from EU; Poland's deficit lower than expected; Romania's easing conditional upon stable political environment; Turkish Inflation; Ukraine funding
Erste Bank (free registration required) Apr 27, 2012
News
Poland: The CSO information on the updated 2009-2011 GDP estimate
Central Statistical Office of Poland Apr 26, 2012
News
Former central banker Boguslaw Grabowski: Polish Central Bank Is Right to Hold Rate
Bloomberg News Apr 26, 2012
RESEARCH AND STRATEGY FIXTURES
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Featured Economic Research and Market Strategy
Featured Analysis
The EZ Balance of Payments Crisis: TARGET2 Debate Revisited
“With German headline inflation readings above the 2% y/y target for over a year and growth prospects much brighter than in the rest of the EZ, the Bundesbank is weary of further easing.”
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