Although the latest data from the economy breathed some optimism into analysts, according to Rafał Brzoska, the creator of InPost, the worst is yet to come. He shared his predictions with the portal wirtualnemedia.pl.
“Looking through the prism of not only the Polish economy, but also the European or world economy, we will face a gigantic crisis. One which – in my opinion – the world economy has not yet experienced. Will be stagflationwhich is the most undesirable economic effect – high inflation and no GDP growth, “said the businessman.
“There are also disturbed supply chains, which we can already see today in many areas of the economy. Construction, the sale of household appliances and furniture are industries that show us that we are really at the beginning of the crisis. Added to this is high inflation and energy problems. This accumulation of negative events has not been described in the books I have read. This shows that the economy is on the brink, “he added.
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Brzoska also referred to the question of who will manage to survive the crisis. “Those who are best prepared for this have the right cash flow, and not those who not so long ago developed their business solely on credit, took further rounds of financing at higher and higher valuations. Today you can see how many of these companies have been discounted. Often by 90 percent and more “- he emphasizes.
“I believe hard verification is already taking place. Many companies, for example in the modern technology industry, which do not generate positive cash flow, unfortunately will not survive “- he emphasizes.
Prime Minister Mateusz Morawiecki recently also spoke about the enormous scale of the crisis. – The whole world has been hit by a crisis with proportions that have not been seen for a long time. All aspects of this crisis also have some correlation at the same time, and this is not good news. The energy, inflation and security crisis – at least three such main dimensions can be called – said the head of government during the XXXI Economic Forum.