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Polish inflation at four percent
Poland's Consumer Price Index (CPI) rose by 0.4% m/m, while annual inflation was 4.0% in April, the Central Statistical Office (GUS) announced on Wednesday. In March, the annual CPI index growth was 4.1% y/y.
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Polish growth to slow
The Polish government is to assume that growth will fall to 4.6 percent whilst inflation will reach 2.9 percent for budget purposes.
Read ArticlePolish unemployment falling
The Polish unemployment rate has fallen to 11.1% at the end of March from 11.5% in February and 14.3% in March 2007. This brought the number of unemployed at the end of March to 1,706.600.
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Polish inflation set to rise
Poland's national bank, the NBP) has announced that it expects inflation for the next 12 months to grow to 4.6% in March from February's 4.4%.
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Polish retail surges by 23%
Polish retail sales inched up by 0.3% in monthly terms in February and surged by 23.8% y/y, the Central Statistical Office (GUS) announced. In January, retail sales rose by 20.9% y/y.
Read ArticlePolish unemployment falls
The unemployment rate fell to 11.5% in January, 2008, from 11.7% a month earlier, the Central Statistical Office (GUS) announced on Wednesday. In February, 2007, the rate was 14.8%.
Read ArticlePoland could see FDI up by 40% in 2009
FDI inflows should rise by 30-40% in 2009 compared to this year if institutional changes are introduced, deems head of the Polish Information and Foreign Investment Agency (PAIiIZ) Pawel Wojciechowski. He added that foreign investors expect, first of all, simplification of tax rules, limiting business activity’s constraints as well as improved effectiveness of utilisation of EU funds.
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Credit crunch could hit Poland
Poland's economy will likely ease down to around 5.0% this year from last year's 6.5%. Direct impact of the US recession has so far been slim, but if the recession proves deeper, Poland's GDP growth could fall to 3.5-4.0% in 2008, Michal Szymanski, deputy head of the pension fund managing firm Commercial Union PTE, said on Wednesday.
Read ArticleLithuanian economy likely to grow by seven percent for years to come
Lithuanian GDP soared 8.7% in 2007, after growing 7.7% in 2006. Economic growth has averaged a stunning 7.5% for the last eight straight years. The consensus forecast of for GDP growth to continue at a 6-7% growth rate for the years to come.
Read ArticleLatvia : one of the fastest growing economies in the world
Latvia’s economic growth is among the fastest in the world, with GDP growing 10% in 2007 after 12% growth in 2006. The consensus estimate is that GDP will grow 7-8% in 2008. Growth has been stimulated by domestic demand driven by fast wage growth and private borrowing, boosting consumer price inflation
Read ArticleStrong growth in Estonia
Estonia’s GDP grew 7.0% in 2007, following 11.8% in 2006 and 10.5% growth in 2005. Average GDP growth has been over 9% for the last eight years. Growth is projected to be 5% in 2008. The contribution of domestic demand to growth has increased markedly since 2005, as consumption has been fuelled by wages
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