Polish investors should avoid making “nervous decisions” amid a rout in global markets as Warsaw stocks are backed by “political and economic stability,” Prime Minister Donald Tusk said.
The country’s WIG20 index fell as much as 7% on Monday before recovering some losses to trade 3.4% lower as of 10:50 a.m. in Warsaw. In the past three sessions, the gauge has lost 15%, a steepest selloff since Russia’s full-scale invasion of neighboring Ukraine three years ago.
“The stock market earthquake from Japan through Europe to America must be survived without nervous decisions,” Tusk said on social media platform X. “The Polish stock market also got a ricochet, but political and economic stability are our assets in this difficult time.”
It’s -1,5% so it seems to be working. Poland is going to avoid a recession by being a backwater of a backwater again. I don’t own that much and probably won’t live to retirement so I just eat popcorn and laugh.