Financial TimesFinancial Times

Poland’s economy contracts as threat of recession across eastern Europe mounts

By Marton Dunai

17 Aug 2022 · 2 min read

Editor's Note

You should read this story to know how the Russia-Ukraine war is set to trigger a recession in Eastern Europe, with Poland's economy already contracting in second quarter.

Russia’s war in Ukraine looks set to trigger a recession in eastern Europe later this year, as energy price increases, disruptions in supply chains, low consumer confidence and austerity measures weigh on output.

The region’s largest economy, Poland, surprised analysts by contracting in the second quarter, falling by 2.3 per cent, according to preliminary data from its statistics office.

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