Forecasts for the Polish, global and European economies are burdened with a very wide margin of error, Piotr Arak, director of the Polish Economic Institute, said at the European Economic Congress (EEC) in Katowice, which took place online in May.
According to CMS and EMIS report “Emerging Europe M&A 2019/20” in 2019 in Central and Southeast Europe M&A deal volume was the lowest in the decade, with only 1958 transactions (down 6.5 per cent), with a combined value of EUR72.34bn (down 10.1 per cent).
There is an increasingly clear clash between the optimistic assurances of the Russian government that the economic situation is good and the feelings of analysts and ordinary Russians who believe that the situation is bad and could get even worse.
In 2017, the value of fixed capital formation in the EU member states increased by EUR123bn y/y. In Poland, it was EUR5.5bn higher y/y, but its share in relation to GDP decreased to the lowest level in 20 years.
Experts predict that the construction industry will undergo several years of revenue growth. They express concern, however, regarding the accumulation of construction works which will be conducive to increases in the prices of building materials.