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Business Arena 25.05: Polish GDP growth forecast, Warsaw bourse buys Armenian rival

In this episode of Business Arena, a show looking at the global economy right from the heart of Europe, TVP World takes a closer look at the European Commission’s prediction concerning Polish GDP growth, and at the Warsaw Stock Exchange’s decision to acquire 65.03 percent of shares in its rival Armenian bourse.

A review of markets around the world combined with statistics concerning incidents such as school shootings shows a troubling trend confirming that an unstable economy leads to a large increase in the number of such tragedies, and suggesting that children’s mental health is especially vulnerable during global financial crises.

The European Commission predicts that growth rates in Europe are likely to be lower in 2022 and 2023 than had been forecast before the start of the Russian invasion of Ukraine, and Poland is no exception. The country, which saw growth of over 4.5 percent for 6 quarters before the pandemic, may see a contraction after an 8 percent bounce back from lockdown in the first quarter of 2022.

Consolidation in the exchange market has been happening for many years, particularly in Europe, and stock markets which want to compete have to find ways to increase their range and co-operate regionally. So the Warsaw Stock Exchange has acquired its rival the Armenia Securities Exchange. According to its current report, the Warsaw Stock Exchange has agreed to acquire 65.03 percent of shares in the Armenian bourse.

TVP World’s guest Łukasz Czernicki, chief economist at the Ministry of Finance of Poland, discussed the predictions concerning Poland’s situation arising from the effects of the pandemic and the inflation caused by the war in Ukraine.

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