The Irish Polish Chamber of Commerce welcomed 2016 with a breakfast meeting on Wednesday 20th January where Mr. Maciej Reluga, Chief Economist at Bank Zachodni WBK S.A., gave a presentation on Poland’s economic outlook.
The event took place in the Irish Embassy and the Chamber is very grateful for the hospitality and excellent Irish breakfast provided by Ambassador Keown and his team.
Mr Reluga presented a positive and insightful picture of Poland’s economy with growth above 3% for 2016. The labour market is in its best shape since 2008. Mr Reluga discussed Standard and Poor's change of credit rating for Poland from A- to BBB+ and explained the consequences for Polish companies and the Polish currency.
He sees the biggest external challenge facing Poland as being fallout from the problems the Chinese economy has had recently. He also mentioned that Poland’s deficit is more likely to face problems in 2017 than 2016.
A very lively question and answer session ended this well-attended briefing.