Despite numerous shocks since Russia’s invasion of Ukraine, including a massive inflow of refugees, Poland has kept growing
City trams pass along a highway through central Warsaw. The state of the Polish economy is a key issue ahead of the upcoming general election. Photograph: Damian Lemański/Bloomberg
An older man says the price cut is “obviously political, this country is led by idiots who think short term and do not see the consequences it will bring after the election”. That said, Orlen chief executive Daniel Obajtek, a PiS appointee, has said it is “no secret” that he is a donor to the ruling party and wants it to win.The price cut also appear remarkably well-timed, allowing Poland’s central bank governor Adam Glapinski to announce a return of single-digit inflation.
But it has had to weather numerous shocks in the 18-month fallout from Russia’s invasion of Ukraine, pivoting its economy away from its larger eastern neighbour while managing a mass influx of Ukrainian refugees.
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