Analysts weigh up election's economic fall-out
PR dla Zagranicy
Nick Hodge
26.05.2015 16:13
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Michał Owczarek investigates which way the financial wind is blowing after Sunday's presidential election
Analysts are trying to figure out what implications the incoming president's conservative convictions and electoral promises will have on the state budget.
Photo: PAP/Jacek Bednarczyk
As Michał Owczarek reports, banking stocks and Poland’s currency both weakened on Monday morning as markets realised the implications of the election result.
And although Andrzej Duda’s victory has raised concerns across Poland, the EU’s sixth-largest economy, about the direction it will now take, economic experts generally agree there will be no serious or immediate impact on the economy under the rule of the new president begins (he will be sworn in on 6 August).
"First of all one should keep in mind that in Poland the President's role in shaping the economic policy is pretty much limited. He's got his role in national security and foreign policy rather than economic."