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Pre-election spending may prop up Polish economy

Wednesday, March 8, 2023

Significance

The statistical office’s provisional estimate surpassed expectations and confirmed that Poland’s diversified economy, backed by government measures, had weathered the supply shocks from Russia’s invasion of Ukraine well despite lingering high inflation, the energy crisis and weakened household consumption.

Impacts

  • Poland’s economic performance and firm foreign policy stance will buttress its international standing as a Central European powerhouse.
  • A parliamentary election loss for ruling PiS could strengthen Poland’s international position by easing relations with leading EU states.
  • The worsening energy situation is a major risk owing to the need to top up reserves for the 2023-24 heating season without Russian gas.

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