Trump is the president of the USA. Glapiński assessed the impact of the elections on the Polish economy

– Of course, we congratulate Donald Trump and wish him all the best. Here, the impact on the Polish economy, as seen at the moment, is minimal, mainly through the bond market and bond yields. Unfortunately, from our point of view, not the American one, this could lead to an increase in the level of the dollar, said Glapiński at a press conference.

– To put it in human terms, in ordinary language: to make Polish debt servicing more expensive. that we as a country, as a government, have to pay more to service our debt. And this debt is growing fast, as you know. Perhaps this is the effect. It is difficult to say whether this will be the case. The rest is unknown, the head of the NBP told him.

What does Trump’s success mean for the European economy?

Goldman Sachs, in turn, claims that Donald Trump’s victory in the US presidential electionmore uncertainty regarding trade policy in Europe, which will have a negative impact on the economic situation and economies that are accelerating in the old continent.

“We expect that President Trump’s policy agenda will affect Europe’s economic prospects through several channels. First and foremost, trade tensions are likely to have a material impact on economic growth. believes that Trump will impose a more limited set of tariffs on European economies, particularly targeting car exports However, our research has shown that the level of tax increases may not be as important for economic growth than the uncertainty related to trade policy, we read in the bank “The Economic Impact of Trump’s Re-election”.

What about the euro zone?

The bank’s economists lowered their growth forecasts in the euro zone. Goldman Sachs analysis shows 0.5 percent. A decline in real GDP in this baseline scenario, with the largest decline in Germany.

“We currently forecast growth in the euro zone at 0.8% in 2025 (down from 1.1% and below consensus 1.2%) and 1% in 2026 (down from 1.1%) . . . against consensus 1.4 percent),” we read further.

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