The worse-than-expected performance of the ruling PiS party in Poland’s local elections last weekend is likely to prompt policymakers in Warsaw to ramp up social spending ahead of next year’s parliamentary elections, cushioning the slowdown in GDP growth. Meanwhile, in spite of last Friday’s announcement that Ukraine has reached a fresh deal with the IMF, dollar bond spreads widened this week. This reinforces our view that the central bank will raise rates further to shore up capital inflows.
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