Back from the cold

For some time now, the environment has been one of recurring shocks and uncertainty. This inevitably affects businesses, which remain the backbone of every national economy – including Poland’s. The construction sector, together with related industries, accounts for around 14 pct of Poland’s GDP. It is, therefore, fair to say that when the economy “sneezes,” construction catches a cold. Unfortunately, the sector is currently grappling with just such “a cold”, and its slowdown is spilling over into the wider market. A stabilised slowdown The Polish construction market is today in what can best be described as in a state of stabilised slowdown. Conditions are no longer deteriorating, but the sector remains stagnant, and breaking this impasse requires decisive measures. This applies particularly to industrial construction, which has remained virtually unchanged for several quarters. At the beginning of the year, there were some encouraging sig