Well, sir, in the economy? Inflation is weakening, GDP accelerates, and Orlen cuts margins

Behind us is a week full of important signals from the economy – CPI inflation in the USA and Poland has slowed down, although the base pressure still makes itself felt, especially in services. The Polish economy has been distinguished from the EU with the highest increase in GDP in the first quarter, but this is still not enough to implement ambitious budget plans. Meanwhile, Orlen changes the method of reporting the petrochemical margin, the loan market records declines, and the American S & P 500 is preparing a historical greeting – with the cryptocurrency exchange in the composition.

The April inflation of CPI was the lowest in eight months, which, however, we owe mainly to the effects of the high last year's base and a global decrease in fuel prices. Pressure in the service sector still remains strong.

Apart from the very dubious statistics from Ireland, Poland in the first quarter of 2025 recorded the highest annual dynamics of the gross product among European Union countries. Although Germany avoided a formal recession, their GDP was lower than a year earlier.

The April reading of CPI inflation for the United States turned out to be slightly lower than the expectations of economists and was at the lowest level in over 4 years. However, the base inflation pressure in the US still remains too high.

Orlen returned to the model publication of the petrochemical margin, but in a changed formula. Now it takes into account a wider range of group products and CO2 emissions costs. 100-200 euros got out of over a thousand euros. Meanwhile, the industry is struggling with a huge slowdown, and the largest companies are even considering a complete exit from production in Europe, including energy prices.

Reading the dynamics of Poland's economic growth in the first quarter showed that we are developing as expected and in the limits of our potential. Growth gives hope to fulfill the goal of a large part of analytical forecasts, but this is not enough to come to the government's plan saved in the budget act.

At a time when banks record record financial results, their competitors are a bit worse. The income of lenders associated in ZPF in 2024 fell by nearly 10 percent. Employment and the number of facilities in the physical world also shrunk.

For the first time in history, the cryptocurrency exchange will join the index of the largest companies of the American stock exchange. “This is an important milestone,” it was written in the Coinbase statement after the extraordinary attachment of the company was announced to S&P. The changes will come into force on May 19, but the Coinbase course has already increased significantly after new information.

Fuel prices in Poland have fallen to the lowest levels since Russian aggression to Ukraine in February 2022. However, it is still difficult to say that it is cheap at the stations. We are still observing prices that were basically not before 2022.

In April, base inflation for the first time in over 5 years was within the limits of the permissible deviation from the 2.5 % NBP target, above which has been continuously for almost six years.

The largest American cryptocurrency exchange revealed the leak of user data, behind which its employees were bribed by criminals. The company undertook to cover the losses of customers who suffered in this incident and estimates that it would spend from 180 to $ 400 million.

JS

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