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Euro 2012

Statement by Adam Olkowicz, head of the Euro 2012 Preparatory Group in the Polish Football Association

REKLAMA

Polish Market

ECONOMIC MONITOR

• In September external determinants of macroeconomic conditions continued to deteriorate for most of the new EU member states, including Poland.
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• Compared to most new EU member countries, the Polish economy still looks better
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• In August 2008 industrial production dropped year on year for the first time since April 2005.
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• Construction has recorded the highest growth of all economic sectors
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• Services are a sector of increasing importance in the Polish economy
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• In August 2008, as in the first half of the year and July, consumer prices went up
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• Monetary Policy Council keeps interest rates on hold.
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• Growth in exports and imports slows.
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• Poland’s main trade partners
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• Current account deficit widens
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• The employment rate goes up
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• In the year to July the budget deficit was kept in check.
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• The end of the third quarter and the first half of the fourth will be a time of an exceptionally important test for Poland’s economic policy
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PODCAST

• Alior Bank launches USD 0,5 billion venture in Poland

• Polish Market at climate change conference in Poznań

• Polish exodus from UK, Ireland continues

• Immigrant Polish workers leave UK

• Poland speeds up road construction

• Poland belatedly tackles property restitution

COMING UP

COP14: Climate Change Conference >>

PEARLS OF THE POLISH ECONOMY - Warsaw, November 21 >>

WEEKLY MARKET ANALYSIS

• Important macroeconomic data for Poland will be published this week. On Thursday, the Central Statistical Office (GUS) will publish the production growth figure and producer price index (PPI) for October. We predict that the figures were respectively 1.5% y/y and 2.4% y/y while the market consensus is 1.2% y/y and 2.4% y/y. Also on Thursday, the National Bank of Poland will release the core inflation figure for October. We estimate that net inflation was at 4.4% y/y and new core inflation at 2.8% y/y.
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