Nawrocki in the Palace, reforms on hold. Agencies rise alarm

The prolonged political deadlock in Poland and the approaching parliamentary and presidential elections are limiting the prospects for economical reforms and fiscal consolidation, according to rating agencies S&P Global Ratings and Fitch. Experts indicate that the appetite for decisive fiscal action may be decreasing in the face of a tense political scene. The result of future elections may additionally complicate the implementation of essential reforms.