An important PO politician showed a chart. He claims that this is due to the opposition’s victory

PO MP Andrzej Domański, who, according to money.pl, is to become the Minister of Finance in Donald Tusk’s government, published a chart that is supposed to be proof that the markets reacted well to the result. elections parliamentary.

Since the victory of the democratic opposition on October 15 WIG20 is (in USD) the strongest index in the world! – wrote the politician.

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To support his thesis, Andrzej Domański posted a chart presenting the change in stock indices expressed in dollars. WIG20 – comprising the 20 largest Polish companies – has increased by 21.8% since the elections, IBOVESPA (Brazil’s main index) has increased by 12.6%, IBEX 35 (comprising the 35 largest companies listed on the Madrid Stock Exchange) by 10.9%. . The DAX grew by 8.8% and the S&P 500 by 5.3%.

The PO politician’s entry sparked a discussion. Not everyone agreed with the thesis about the influence of elections on the value of the index. “Or maybe the reason for such optimism on the stock exchange is simply the increase in Poland’s GDP in the third quarter. The highest in the world,” wrote one of the Internet users. Data published last week indicate that the increase in Polish GDP amounted to 1.4%.

Ruchir Sharma from Rockefeller International also pointed out Poland’s role in global economic growth. He emphasized that for the first time in decades, China will “contribute nothing” to global GDP growth.

Half of the growth generated by emerging countries will come from just five countries: India, Indonesia, Mexico, Brazil and Poland. This may symbolize upcoming changes, he said.

According to forecasts, in 2023 Poland’s GDP is expected to amount to approximately USD 842 billion, which makes us the 21st economy in the world. In 2022, we achieved a result of USD 688 billion. Indonesia is 16th ($1.4 trillion a year ago, 1.3), Mexico is 12th ($1.8 trillion, 1.4 in 2022), Brazil is 9th ($2.1 trillion). 1.9 trillion in 2022), and India ranks fifth ($4 trillion in 2022 3.3 trillion).

Other data also prove that the Polish economy is doing well. The stock market recorded a historic reading on Monday. The Warsaw Stock Exchange Index (WIG) achieved a value exceeding 75,000. points. And although it did not manage to “make it” to the end of the session, it was the highest reading in history.

The zloty is also holding strong and has been oscillating around PLN 3.99 per dollar and PLN 4.36 per euro for several days – which is the best result since the holidays and the pandemic (respectively). Bartosz Sawicki, analyst at Cinkciarz.pl, is not only the result of what is happening in Israel. Attractiveness of the Polish zloty in the short term strengthens the likelihood that interest rates will remain at the current level. Investors are also optimistic about the relations between Poland and the European Union. But that’s not all.