“Soft landing” of industrial production
There are also signs of stabilisation in the evolution of inflation. According to the GUS flash estimate, inflation was 17.4 per cent in November. This is the first decrease since March this year after an unbroken series of monthly increases. In October, inflation in Poland was still 17.9 per cent. Analysts and economists expect a further decline in economic growth for the final quarter of the year, without a hard recession. In 11 out of 16 provinces, companies have announced redundancies. This is not yet reflected in the unemployment statistics. According to a survey commissioned by the employers’ association Lewiatan, 65% of companies said they would put plans for further company development and investment on hold in the coming year.
Source: Wirtschafts-Markt Polen (16-2022 Issue 320)
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Department / Senior Manager
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