German analysts are still mostly optimistic about the future of the Polish economy, but less so than a month ago. The economic expectations index for Poland, calculated by the German ZEW Center for European Economic Research in Mannheim and by Erste Bank, fell by 8.8 points month-on-month to 34.6 points in August.
Thew ZEW index is calculated as a difference between the percentage share of analysts who are optimistic and the share of those who are pessimistic about the economic outlook for the next six months.
In July only 3.3 percent of analysts surveyed considered Poland's economic outlook poor, however in August the percentage of those pessimistic about the country's future was at 10.7 percent.
At the same time, the August assessment of the current economic situation in Poland grew by 17.9 points to zero, as 20.7 percent of those polled believe the situation now is good, while the same percentage see it as bad.
Economists surveyed by the two institutions expect Poland's inflation to remain stable, the stock exchange WIG index to rise, and short-term and long-term interest rates to remain stable. They also expect the złoty to appreciate or remain stable.
Among the countries included in the study, the best current economic situation is in Austria and Turkey, and the worst in Hungary, Croatia and the euro zone. Meanwhile, the economic expectations index is highest in the Czech Republic and Austria, and the lowest in Turkey.
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