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Analyses


Weak zloty and mild weather help economyClick and register to open this news

Latest macroeconomic data point to continued strength of economic activity in Poland. With global demand slowing markedly, the weakness of the zloty and the resilience of the domestic market are supporting industrial ... more »
2012-01-05
 

Forecasts for 2012: slower growth will force RPP to cut interest ratesClick and register to open this news

The year 2011 was relatively successful for the Polish economy: the country’s macroeconomic and fiscal indicators again placed it among the best in the EU. This year could prove much more challenging, however, ... more »
2012-01-05
 

A very difficult year aheadClick and register to open this news

Never before has economic forecast been so difficult to make as it is today because of the specific conditions that now prevail. Never before has so much been in the hands of politicians, who have, unfortunately, rarely ... more »
2012-01-05
 

Economy steams ahead but worries mount about outlookClick and register to open this news

In the third quarter of 2011 the Polish economy grew by 4.2% y-o-y, demonstrating very high resilience in the face of global shocks. The comparatively strong level of economic activity in Poland is due mainly to the country’s ... more »
2011-12-06
 

Q3 2011 corporate profits lower than year earlier, though investments are on the riseClick and register to open this news

Following an economic revival and accelerated profit growth in H1 2011, in the third quarter of the year the net financial result of non-financial enterprises was worse than in the analogous period of 2010. This was ... more »
2011-12-06
 

Business conditions deteriorate in Q4Click and register to open this news

The IRG SGH business barometer declined substantially in Q4 2011 in both quarterly and annual terms, weighed down by negative seasonal factors and by weaker influence of cyclical factors. The first quarter of 2012 ... more »
2011-12-06
 

Economic slowdown weaker than expectedClick and register to open this news

Latest macroeconomic data provide fresh evidence of the resilience of the Polish economy in the face of external shocks. The continued robust growth in industrial output and retail sales show that the slowdown in activity ... more »
2011-11-05
 

Consumption still the economic locomotive. But what is powering consumption?Click and register to open this news

The deteriorating global economic climate and the sudden upheaval surrounding Greek debts which bids all to ask about the future of the eurozone seem to have had only a moderate impact on Poles’ spending habits. ... more »
2011-11-05
 

‘New-old’ government, but challenges and problems remain the sameClick and register to open this news

The autumn parliamentary elections did not produce any dramatic change to the political landscape in Poland. All signs seem to be pointing the continuation of the PO-PSL governmental coalition. Given a sharply deteriorating ... more »
2011-11-05
 

Manufacturing in Poland: Q1-Q3 2011 statistical appendixClick and register to open this news

Data contained in the tables are presented in accordance with the Polish Classification of Activities (PKD 2007), compiled on the basis of Statistical Classification of Economic Activities in the European Community ... more »
2011-11-05
 

Economy shows resilience in August but growth is slowingClick and register to open this news

Latest macroeconomic data came in better than expected. The market was positively surprised especially by the strong increases in industrial output and retail sales. Nevertheless, with global economic conditions deteriorating ... more »
2011-10-05
 

Markets on the turnClick and register to open this news

Increasing uncertainty surrounding the future of the eurozone and the prospects of economic stagnation – these are the highlights of the past months. The outlook for the future is not bright, either – ... more »
2011-10-05
 

Transfer pricing as an instrument for planning and optimising Special Economic Zones tax exemptionsClick and register to open this news

One of the major problems facing companies operating in Poland’s Special Economic Zones is insufficient profitability that results in ineffective utilisation of the available tax credit. The article focuses on ... more »
2011-10-05
 

Good H1 for Polish economy but latest figures raise concern about future of recoveryClick and register to open this news

In the second quarter of 2011 the Polish economy grew by 4.3% y-o-y, propelled by strong private consumption, recovering investment and robust export growth. However, macroeconomic data for subsequent months suggest ... more »
2011-09-06
 

Further signs of weakening conditionsClick and register to open this news

At the beginning of Q3 2011 the IRG SGH barometer was slightly higher than in the previous quarter, but it noted a significant decline year-on-year. The positive impact of seasonal factors turned out to be considerably ... more »
2011-09-06
 

Monetary policy: growth, not just inflation targetingClick and register to open this news

Monetary policy, along with fiscal policy, is the main macroeconomic instrument at the disposal of governments. The substantial fiscal loosening implemented during 2008-2009 led to an increase in public borrowing ... more »
2011-09-06
 

Global uncertainty hinders economic growthClick and register to open this news

Latest macroeconomic data point to a slight slowdown of economic activity in Poland. The weaker pace of recovery in part reflects a higher comparative base, but it is also a result of deteriorating global conditions ... more »
2011-08-05
 

Slight growth of consumer confidence in July, but consumer moods significantly worse than one year agoClick and register to open this news

Consumer moods slightly improved in July. As a result of better perception of changes in the Polish economic situation, both the current and leading consumer confidence indices noted a slight increase. However the ... more »
2011-08-05
 

Construction sector posts solid growth in H1 2011Click and register to open this news

The positive growth momentum of Poland’s construction industry continued in the second quarter of 2011. Of the three major subdivisions of the sector, the most substantial growth was noted in civil engineering, ... more »
2011-08-05
 

Manufacturing in Poland: H1 2011 statistical appendixClick and register to open this news

Data contained in the tables are presented in accordance with the Polish Classification of Activities (PKD 2007), compiled on the basis of Statistical Classification of Economic Activities in the European Community ... more »
2011-08-05
 

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PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.