Poland-EU dispute: Slower growth may dictate a de-escalation

  • Dispute with EU, over rule of law, imperils timely release of funding equivalent to about 2% of annual GDP

  • Slow growth post-Covid, Russia-Ukraine war likely drives Poland to de-escalate but maybe not until after 2023 election

  • Polish equities have already underperformed European EM peers and are left cheaper versus historic average
October 18th, 2022
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