breaking

Polish Economic Growth Falters in Q1 as Winter Weather Disrupts Construction

Poland's economy decelerated in the first quarter, with an extended winter freeze dampening construction activity and clouding the outlook for monetary policy decisions ahead. The slowdown has intensified debate within the central bank over the appropriate path for interest rates. Governor Adam Glapinski indicated last month that rate increases have become more probable, though he stopped short of declaring hiking inevitable. The weaker growth data complicates the policy picture as inflation pressures persist across the region. Central bankers across multiple economies face similar crosscurrents, with some signaling readiness to cut rates while others maintain caution. Poland's construction sector, a significant economic driver, bore the brunt of the adverse weather conditions.