📢 Weekly Blast #42 (14-18Oct2024)
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:
📰 Top Stories
LEGIMI
LEG.WA
💲 Polish Macro
Economic Growth:
Poland's economy is expected to grow by 3.0% in 2024 and 3.5% in 2025.
There are risks of lower growth and higher inflation.
Inflation:
Inflation in September was 4.9% year-over-year.
Core inflation rose to 4.3% in September.
The central bank expects inflation to peak in Q1 2025 and fall below target by the end of 2025.
Monetary Policy:
The central bank kept interest rates unchanged in September.
Experts suggest keeping tight monetary policy until at least the end of 2025.
There might be room for small interest rate cuts in mid-2025.
Labor Market:
Job offers increased slightly in September.
Poland may lose 2.1 million workers by 2035 due to demographic trends.
Trade and Balance of Payments:
Poland had a trade surplus of 2.4 billion euros by August 2024.
The current account showed a deficit in August.
Exports decreased while imports increased in August.
Housing Market:
Housing demand slowed down in Q2 2024.
Real estate prices increased faster than inflation and wages.
Renting out apartments became less profitable than bank deposits or government bonds.