Conflict in the mediate East and the Polish economy. "It's the shocks"

polsatnews.pl 3 weeks ago

"These prices must emergence due to the fact that global prices, planet prices for oil and gas are rising. Poland in the open economy imports them from abroad and we gotta pay the planet price - said Prof. Marcin Piątkowski in "Most crucial questions". However, according to the expert, Poland is more resistant to crises than another countries in the world.

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Prof. Marcin Piątkowski on the state of the Polish economy in the face of the conflict in the mediate East

As Przemysław Szubartowicz and Karolina Olejak said, changes in fuel prices due to the conflict in the mediate East are inevitable, but Poland will be little affected than another countries in the world.

- Poland will be affected by this ongoing crisis as everyone does, but less than everyone. I believe that Poland will one more time prove, as before in the last 35 years, that we are an economy that is more flexible, more crisis resistant. 1 could even say anti-scrupulous, which even comparatively benefits from shocks - said Prof. Piątkowski.

In his opinion, the Polish economy proved its resilience at least during the COVID-19 pandemic or the global crisis in 2009.

War in the mediate East and fuel prices. "We should wait"

In the opinion of the expert, despite the expanding tension in the mediate East, which straight affects natural materials prices, the Polish government should not decide to rapidly reduce petrol and gas prices.

- I'm sorry. I think we should at least any time wait. On the another hand, let it be a signal and specified motivation for many PolesTo see if it's worth it move to electrical carswhich would best be powered from its own outlet, whether in a block or at home, and then we would not be curious in the Persian Gulf at all - he explained.

SEE: The Iranian rocket has entered NATO airspace. "Soyose standing by"

When asked about the possible scale of the increase in prices for petrol, oil, gas or food products, Prof. Piątkowski considered that the change would be little felt for Poles than for the remainder of the world.

- I'm sorry. I think it's going to be a much smaller scale. It could be a one-time shock.In which our inflation can increase by 1 percent point - he said. In his opinion, an effective fiscal policy of the government is simply a mechanics that is immune from the drastic effects of this change.

Trump's plan to war in Iran? "It won't last long"

Prof. Piąkowski suggested that the war of the United States and Israel against Iran started in the first days of March would take little than we expect. In his opinion, U.S. president Donald Trump wants to win as shortly as possible.

- I'm sorry. I think with 1 of these basic scenarios is that this war will not last long - he said. president Trump is very delicate to what is happening with the fresh York Stock Exchange Index. He is delicate to what American voters will say now and during the partial half-elections to the home of Representatives and legislature at the end of this year. He is delicate to how the Americans will die, so all the time the baseline script of global investors is that this war will not last long - he continued.

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