Poland
US and Chinese slowdown will tip the world into recession, says IIF
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.
