Poland

US and Chinese slowdown will tip the world into recession, says IIF

bne IntelliNews July 2, 2022

The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.

bneGREEN: EBRD passes €1bn green bond milestone

By Richard Lockhart in Edinburgh July 2, 2022

The EBRD has now invested €1bn in green bonds since 2017, with €524mn allocated in 2021 alone, as it supports emerging green capital markets across Central and Eastern Europe.

bneGREEN: Poorer cities the most exposed to climate change

Richard Lockhart in Edinburgh July 1, 2022

An increase in extreme weather events and natural disasters like flooding, heatwaves and landslides will hit urban areas the hardest, making climate change adaptation a matter of paramount importance, the UN has warned.

Poland’s tweaks to judiciary reforms do not yet meet EU criteria, says Jourova

Wojciech Kosc in Warsaw July 1, 2022

Poland has not yet met the milestones set by the Commission in order to receive €36bn in grants and loans from the EU’s pandemic recovery fund, says Commission vice-president.

Stagflation fears continue to rise

bne IntelliNews July 1, 2022

Global inflation refuses to be tamed and with price increases in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to continue tightening monetary policy by hiking rates that will suck liquidity out of emerging markets.

CEE Economic Sentiment Indicators fall on polycrisis woes

bne IntelliNews June 30, 2022

The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.

Nato agrees 'fundamental shift' to counter Russia

Robert Anderson in Prague June 29, 2022

Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.

Poland’s unemployment rate falls to lowest point since 1990

Wojciech Kosc in Warsaw June 26, 2022

Poland’s unemployment rate slid 1pp y/y to 5.1% in May.

bneGREEN: Reducing investment in fossil fuels can fund Europe’s energy transition

Richard Lockhart in Edinburgh June 24, 2022

Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.

bneGREEN: Coal investment remains major threat to green dream

Richard Lockhart in Edinburgh June 24, 2022

An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.

Polish retail sales growth eases to 8.2% y/y in May

Wojciech Kosc in Warsaw June 23, 2022

Consumption trends are normalising after disruption caused by the inflow of Ukrainian refugees and the low base effect from last year.

CEE inflation spreading across whole region, set to last for years

Ben Aris in Berlin June 22, 2022

Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.

Polish PPI inflation accelerates to 24.7% y/y in May

Wojciech Kosc in Warsaw June 22, 2022

The index grew sharply due to expensive energy commodities and industrial metals, their prices driven up by the war in Ukraine.

Polish banks go from resilience to vulnerability

Wojciech Kosc in Warsaw June 21, 2022

Mounting economic woes and government interventions have pushed the banking stock index down more than 36% in the year to date.

bneGREEN: Heatwave hits Europe as climate change bites

Richard Lockhart in Edinburgh June 21, 2022

Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.

World hit by interest rate and inflation shock says IIF

Ben Aris in Berlin June 20, 2022

The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.

ASH: Welcome to the new age of inflation

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London June 17, 2022

The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.

Polish CPI growth confirmed at 13.9% y/y in May as inflation spreads throughout economy

Wojciech Kosc in Warsaw June 15, 2022

Polish CPI growth accelerated 1.5pp to 13.9% y/y in May, with analysts now pencilling in 15%-16% y/y peak CPI growth in August or September.

Wargaming opens studios in Belgrade and Warsaw after pulling out of Russia and Belarus

bne IntelliNews June 15, 2022

Wargaming closed its studios in Russia and Belarus following the military invasion of Ukraine, and is now adding new studios in Central and Southeast Europe.

NEMETHY: The world continues to hurtle towards recession and potentially financial crisis

Les Nemethy June 14, 2022

There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.

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