The strength of Polish consumer spending over the past couple of years has only been made possible by a run-down in the household savings rate. But with the savings rate now at a record low and real income growth likely to remain subdued, we think that consumer spending is set to slow over the coming quarters. This should pave the way for interest rate cuts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services