Wszystkie
Poland Macro Weekly: Inflation never ceases to surprise
Both January and February CPI inflation turned out lower than expected, with the record high scale of revision to the former one due to annual changes in the CPI basket. Yet the momentum of core inflation remains strong.
Poland Macro Weekly: Spring is coming after all
As expected, the MPC left NBP interest rates unchanged. However, despite a downward revision of inflation projection, it has not started to herald rate cuts.
Makro Focus: Czy wzrost płacy minimalnej zdemoluje rynek pracy?
Wobec dość powszechnego poglądu, że wyższa płaca minimalna powoduje spadek zatrudnienia postanowiliśmy sprawdzić, co na ten temat mówią najnowsze opracowania naukowe, aby odpowiedzieć na pytanie jaki może być wpływ wzrostu płacy minimalnej na polski rynek pracy.
Poland Macro Weekly: Consumers under pressure
Despite solid growth in 2022, GDP data for 4q22 confirmed further deterioration of economic conditions in CEE economies, driven by falling consumer demand. Inflation has likely passed its peak and disinflation should gather momentum in 2h23.
Poland Macro Weekly: Bumpy road ahead
January data turned out bittersweet as they showed a y/y decline in retail sales for the first time in almost two years. Industrial production most likely passed the peak of the cycle, while construction output was supported by relatively warm winter and positive calendar effects. Some signs of cool-down came from data on employment in the enterprise sector.