Poland has positioned itself as one of the key emerging countries in Europe, having enjoyed substantial economic growth over the past 20 years. The Polish economy managed to escape with one of the mildest contractions in GDP during the COVID-19 pandemic, and followed that with a strong recovery. However, over the past year the country’s economic fortunes have been on a downward trend. Its trajectory was disrupted by the surge in global inflationary pressures, and this turbulence was severely aggravated by the start of the war in Ukraine, an event which affected Poland particularly. Recently, concerns have been voiced about the independence of its central bank, creating a reputational challenge which could dim the country’s future outlook.


Poland central bank is first in Europe to cut rates