📢 Weekly Blast #33 (12Aug-16Aug2024)
Snapshot of actionable insights from the Polish stock exchange
👋 Welcome to the Weekly Blast - a snapshot of actionable insights from the past week you don't want to miss: recommendations, insider trading, company updates, significant contracts for small & mid caps, M&A activities, upcoming events and trends.
In case you missed it:
In today's edition:
💲 Polish Macro
Economic Performance
The economy in Poland got worse in the third quarter of 2024, but businesses are hopeful for improvement in the next six months.
Poland's GDP grew by 3.2% in the second quarter of 2024 compared to the same time last year.
Poland had the biggest increase in real household income per person among OECD countries in the first quarter of 2024.
Business and Employment
In July, 18,070 companies in Poland closed, which is 22.9% more than the previous month.
The number of company bankruptcies in the second quarter of 2024 was 92, which is 5.2% less than the same period last year.
Employment in Poland fell by 29,400 people in the second quarter of 2024.
Inflation and Trade
Inflation in Poland was 4.2% higher in July 2024 compared to the previous year.
Poland had a trade surplus of 4.6 billion euros by the end of June 2024.
The core inflation rate in Poland increased to 3.8% in July 2024 from 3.6% in June.
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