Kondycja gospodarstw domowych

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. As a 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)