Kondycja gospodarstw domowych : I kwartał 2020 Badania Koniunktury Gospodarczej Instytutu Rozwoju Gospodarczego SGH

Abstract

At the beginning of 2020 consumer confidence diminished. The IRG SGH consumer sentiment index (CSI) quarterly decreased by 3.1 pts to -9.6 pts. The decline of the indicator is much due to worsening prospects of general economic situation in Poland - almost half of the surveyed households (47.7%) expect the economy to contract over next 12 months. Asa result of growing fear of higher inflation and unemployment consumers revised downwards their financial situation. Rising inflation expectations are the headline of the January consumer survey results - more than 56% of the respondents expect the inflation rate to increase.(original abstract)