A 26% plunge in coal mining weighed on Poland's industrial output in March 2024
A 26% plunge in coal mining weighed on Poland ’s industrial output in March 2024, casting a shadow over the expectations that the biggest emerging-market economy in Europe would grow by the expected 3% this year. Coal mining output slumped by 25.9% year-over-year in March, contributing to a 6% decline in Poland ’s industrial production last month, government data showed on Monday. This was the steepest decline in Poland ’s industrial output since April 2023, per Bloomberg’s estimates.
“I wouldn't radically change my expectations here, because there are many reasons to expect a continuation of economic recovery, as domestic demand will increase and the economic situation in Germany is also improving,” Maliszewski said. Meanwhile, Poland’s new government has signaled it would be looking to set an end date for using coal for power generation, a senior government official said. “Only with an end date we can plan and only with an end date industry can plan, people can plan.
Coal Coal Mining Coal Output Economic Growth Coal Exports Steel
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