In brief

• Analysts at PKO BP assess that the Polish economy is coping well with external shocks.
• According to the bank, changes in fuel prices and geopolitical tensions have not undermined the favorable growth outlook.
• The most serious risk remains rising public debt, which may raise financing costs.

Resilience to shocks

Analysts at PKO BP assess that the Polish economy is coping well with external shocks (Przewidzieli, co stanie się w Polsce. Oto nasza przyszłość – WNP.pl). This applies both to sharp changes in the fuel market and to persistent geopolitical tensions.

Growth prospects

The bank's analysts believe that the prospects for economic growth remain favorable. No value for the forecast GDP growth rate or the time frame to which this assessment applies was given.

Public debt as the main risk

According to PKO BP analysts, the most serious threat to further development remains rising public debt. Over time it may limit the state's room for maneuver and affect financing costs, which small businesses will also feel, especially in relation to loans and debt servicing.

What it means for small businesses

For owners of micro and small companies, the conclusions are twofold. On the one hand, the economy still provides grounds for cautious planning. On the other hand, the growing government debt should be kept in mind when making investment and external financing decisions.

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