PolAmKrakow
3 Oct 2021
News / Unfulfilled promises by PiS [559]
@amiga500
Not a PO supporter either. You really need to get a grip on your extremism thinking. I provided proof on inflation in the ING bank statements made public. But here is more:
menafn.com/1102901036/Inflation-in-Poland-continues-unabated-could-near-7-in-December&source=30
Since you like conservative outlooks on the subject and you like Goldman try this one:
biologyreporter.com/goldman-sachs-another-revision-of-polands-inflation-outlook/
A decent summary is also here:
thefirstnews.com/article/inflation-exceeds-expectations-prompts-post-pandemic-recovery-concerns-25085
As for VC, and investment, you would actually know things if you were in Poland and moving in those circles of people who are involved with VC. You are not and do not.
These conservative reports when viewed from street level, in the real practice of business development and investment, are still on the low side. Deliberately low to not create panic.
Money is not flowing into Poland. The world view of Poland is taking a beating for any number of reasons on the extreme political left. But the facts are that those lefties also control a lot of cash, and when you offend them, they spend it in other places or not at all.
In the business community there is a quiet restlessness. You can actually feel the tension in meetings where people are now afraid to commit to projects and investment. Decisions are delayed over and over. Traveling this country, more and more family business are closing and unable to recover. Some money is gone and never coming back. PiS knows this and it is why they have not forced more lockdowns even when numbers of COVID are accelerating. Another lockdown would push Poland over the edge financially.
The strength of currency is a direct indicator of how the world views a country. Poland has lost 10% value of its currency in the last 2 months or so. That is a statement.
@amiga500
Not a PO supporter either. You really need to get a grip on your extremism thinking. I provided proof on inflation in the ING bank statements made public. But here is more:
menafn.com/1102901036/Inflation-in-Poland-continues-unabated-could-near-7-in-December&source=30
Since you like conservative outlooks on the subject and you like Goldman try this one:
biologyreporter.com/goldman-sachs-another-revision-of-polands-inflation-outlook/
A decent summary is also here:
thefirstnews.com/article/inflation-exceeds-expectations-prompts-post-pandemic-recovery-concerns-25085
As for VC, and investment, you would actually know things if you were in Poland and moving in those circles of people who are involved with VC. You are not and do not.
These conservative reports when viewed from street level, in the real practice of business development and investment, are still on the low side. Deliberately low to not create panic.
Money is not flowing into Poland. The world view of Poland is taking a beating for any number of reasons on the extreme political left. But the facts are that those lefties also control a lot of cash, and when you offend them, they spend it in other places or not at all.
In the business community there is a quiet restlessness. You can actually feel the tension in meetings where people are now afraid to commit to projects and investment. Decisions are delayed over and over. Traveling this country, more and more family business are closing and unable to recover. Some money is gone and never coming back. PiS knows this and it is why they have not forced more lockdowns even when numbers of COVID are accelerating. Another lockdown would push Poland over the edge financially.
The strength of currency is a direct indicator of how the world views a country. Poland has lost 10% value of its currency in the last 2 months or so. That is a statement.