{"id":64199,"date":"2022-11-22T07:23:24","date_gmt":"2022-11-22T12:23:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64199"},"modified":"2022-11-22T07:23:24","modified_gmt":"2022-11-22T12:23:24","slug":"polands-central-bank-predicts-double-digit-inflation-until-2024","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64199","title":{"rendered":"Poland\u2019s central bank predicts double-digit inflation until 2024"},"content":{"rendered":"<div id=\"Headline\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/www.naturalnews.com\/2022-11-21-poland-central-bank-predicts-double-digit-inflation.html\">Poland\u2019s central bank predicts double-digit inflation until 2024<\/a><\/h3>\n<\/div>\n<div class=\"entry-content\">\n<figure class=\"post-thumbnail\"><img decoding=\"async\" class=\"attachment-larg wp-post-image\" src=\"https:\/\/www.naturalnews.com\/wp-content\/uploads\/sites\/91\/2022\/11\/Bank-Building-Concept-Investment-Facade-Wall-Branch.jpg\" alt=\"Image: Poland\u2019s central bank predicts double-digit inflation until 2024\" \/><\/figure>\n<div>\n<div class=\"PHTLFAQVXCIS\">\n<ul>\n<li><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>(<a href=\"https:\/\/www.naturalnews.com\/\">Natural News<\/a>) The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation\u00a0<a href=\"http:\/\/rmx.news\/poland\/polands-central-bank-forecasts-double-digit-inflation-until-2024\/\">for the next two years<\/a>.<\/p>\n<p>According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will only begin by 2024, when the country\u2019s inflation is projected to decrease to 5.9 percent. The\u00a0<a href=\"http:\/\/inflation.news\/\">central bank\u2019s inflation target<\/a>\u00a0of 2.5 percent is only expected to be accomplished in 2025.<\/p>\n<p>Figures from Statistics Poland (GUS) showed that inflation in the country hit 17.2 percent in September, and increased to 17.9 percent in October.<\/p>\n<p>The NBP also forecast a 0.7 percent growth in Poland\u2019s gross domestic product (GDP) for 2022. Meanwhile, the GUS\u00a0predicts a\u00a01.4 percent GDP growth in 2023 and a flat two percent GDP growth in 2024.<\/p>\n<p>Amid all these projections, economic activity in Poland\u00a0<a href=\"http:\/\/economy-finance.ec.europa.eu\/economic-surveillance-eu-economies\/poland\/economic-forecast-poland_en\">is about\u00a0to weaken<\/a>\u00a0because of the heightened uncertainty, a tightening of financing settings and the economy\u2019s adjustment to higher commodity costs, according to the European Commission\u2019s latest economic forecast.<\/p>\n<p>\u201cThe Polish economy continued its upward trajectory in the first half of 2022, although a marked drop in inventories and investment led to a contraction in real GDP in the second quarter. Data on the real economy suggest that growth was at full steam in the third quarter, with industrial output and retail sales expanding at a solid pace. As a result, despite a deterioration in confidence indicators, the second half of the year is expected to see a relatively good performance, leaving annual real GDP growth in 2022 at a projected 4.0 percent,\u201d the European Commission (EC) report said.<\/p>\n<p><strong>Increase in inflation due to rise in food and energy prices<\/strong><\/p>\n<p>As stated by the NBP\u2019s November report on inflation, the present increase can be largely attributed to the rise in food and energy prices brought by the war in Ukraine and the enormous increase in money printing by global central banks during the Wuhan coronavirus (COVID-19) pandemic&#8230;<\/p>\n<p>\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Poland\u2019s central bank predicts double-digit inflation until 2024 (Natural News) The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation\u00a0for the next two years. According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1806,124,150,7346,9050,279,2535,284,14323,353,426,431,33407,33408,501,954,33409,8407,33410,1046,690,824],"class_list":["post-64199","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubble","tag-central-banks","tag-collapse","tag-debt-bomb","tag-debt-collapse","tag-eu","tag-european-commission","tag-european-union","tag-fiscal-policy","tag-gdp","tag-inflation","tag-interest-rates","tag-kevin-hughes","tag-labor-shortage","tag-market-crash","tag-money-supply","tag-national-bank-of-poland","tag-natural-news","tag-nbp","tag-poland","tag-risk","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64199"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64199\/revisions"}],"predecessor-version":[{"id":64200,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64199\/revisions\/64200"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}