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Most Companies See Major Economic Slowdown Coming Ahead

POLAND
  • Yesterday, the NBP Q2 Survey of Companies reported that most Polish companies see major economic slowdown coming ahead.
  • We previously saw that a range of financial and economic leading indicators have been pricing in a significant deceleration in the business activity.
    • The chart below shows that the 2Y10Y yield curve has been pricing in a significant slowdown in the economic activity in H2.
  • Poland’s Krajowa Grupa Spozywcza, state-owned sugar producer, has leased a section of the port in Gdansk on the Baltic Sea coast that will allow the country to boost its capacity for grain exports by around 500,000 tonnes a month from around 600,000-700,000 currently, Agriculture Minister Henryk Kowalczyk tells Dziennik Gazeta Prawna (BBG)
  • PM Morawiecki will hold press conference with Spain’s counterpart Pedro Sanchez in Warsaw.

Source: Bloomberg/MNI

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