{"id":63405,"date":"2025-09-07T09:35:00","date_gmt":"2025-09-07T06:35:00","guid":{"rendered":"https:\/\/economic.karpat.in.ua\/?p=63405"},"modified":"2025-09-06T19:44:45","modified_gmt":"2025-09-06T16:44:45","slug":"figyelmeztetest-kapott-a-koltsegvetes-miatt-a-fitch-tol-lengyelorszag","status":"publish","type":"post","link":"https:\/\/economic.karpat.in.ua\/?p=63405&lang=hu","title":{"rendered":"Figyelmeztet\u00e9st kapott a k\u00f6lts\u00e9gvet\u00e9s miatt a Fitch-t\u0151l Lengyelorsz\u00e1g"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>A Fitch Ratings negat\u00edvra rontotta Lengyelorsz\u00e1g kil\u00e1t\u00e1s\u00e1t, els\u0151sorban a n\u00f6vekv\u0151 k\u00f6lts\u00e9gvet\u00e9si kock\u00e1zatok miatt, mik\u00f6zben az orsz\u00e1g ad\u00f3sbesorol\u00e1s\u00e1t v\u00e1ltozatlanul hagyta.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151 p\u00e9nteken m\u00f3dos\u00edtotta Lengyelorsz\u00e1g kil\u00e1t\u00e1s\u00e1t stabilr\u00f3l negat\u00edvra, a d\u00f6nt\u00e9st a k\u00f6zp\u00e9nz\u00fcgyek n\u00f6vekv\u0151 kock\u00e1zataival indokolva.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/gettyimages-2157168139-epulet-felhokarcolo-hid-idegenforgalom-nyar-park-terek-turista-varos-v-771301-1024x575.jpg\" alt=\"\" class=\"wp-image-63406\" srcset=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/gettyimages-2157168139-epulet-felhokarcolo-hid-idegenforgalom-nyar-park-terek-turista-varos-v-771301-1024x575.jpg 1024w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/gettyimages-2157168139-epulet-felhokarcolo-hid-idegenforgalom-nyar-park-terek-turista-varos-v-771301-300x169.jpg 300w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/gettyimages-2157168139-epulet-felhokarcolo-hid-idegenforgalom-nyar-park-terek-turista-varos-v-771301-768x432.jpg 768w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/gettyimages-2157168139-epulet-felhokarcolo-hid-idegenforgalom-nyar-park-terek-turista-varos-v-771301-1536x863.jpg 1536w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2025\/09\/gettyimages-2157168139-epulet-felhokarcolo-hid-idegenforgalom-nyar-park-terek-turista-varos-v-771301.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">A Fitch a v\u00e1rtn\u00e1l nagyobb k\u00f6lts\u00e9gvet\u00e9si hi\u00e1nyra \u00e9s a hiteles fisk\u00e1lis konszolid\u00e1ci\u00f3s tervek hi\u00e1ny\u00e1ra figyelmeztetett.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az elemz\u00e9s szerint a politikai akad\u00e1lyok k\u00e9sleltethetik a sz\u00fcks\u00e9ges reformokat a 2027-es parlamenti v\u00e1laszt\u00e1sokat megel\u0151z\u0151 id\u0151szakban. A hitelmin\u0151s\u00edt\u0151 el\u0151rejelz\u00e9se alapj\u00e1n az \u00e1llamad\u00f3ss\u00e1g meredekebben emelkedik majd, \u00e9s 2027-re megk\u00f6zel\u00edtheti a GDP 68 sz\u00e1zal\u00e9k\u00e1t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Fitch r\u00e1mutatott, hogy Karol Nawrocki eln\u00f6k korai v\u00e9t\u00f3i \u00e9s ad\u00f3elleness\u00e9ge a m\u00e9ly\u00fcl\u0151 politikai megosztotts\u00e1got t\u00fckr\u00f6zik, ami korl\u00e1tozhatja a koal\u00edci\u00f3 k\u00e9pess\u00e9g\u00e9t a szigor\u00fa k\u00f6lts\u00e9gvet\u00e9si int\u00e9zked\u00e9sek v\u00e9grehajt\u00e1s\u00e1ra a k\u00f6vetkez\u0151 v\u00e1laszt\u00e1sokig.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A hitelmin\u0151s\u00edt\u0151 hangs\u00falyozta, hogy az EU-finansz\u00edroz\u00e1s fenntart\u00e1s\u00e1hoz sz\u00fcks\u00e9ges reformok v\u00e9grehajt\u00e1sa tov\u00e1bbra is kulcsfontoss\u00e1g\u00fa lesz az er\u0151s GDP-n\u00f6veked\u00e9s fenntart\u00e1s\u00e1hoz a jelenlegi kih\u00edv\u00e1sok k\u00f6zepette.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Fitch ugyanakkor 2025-re \u00e9s 2026-ra egyar\u00e1nt 3,2 sz\u00e1zal\u00e9kos re\u00e1l GDP-n\u00f6veked\u00e9st v\u00e1r, ami meghaladja a 2,3 sz\u00e1zal\u00e9kos t\u00e1rsorsz\u00e1gi medi\u00e1nt. A n\u00f6veked\u00e9st a stabil belf\u00f6ldi fogyaszt\u00e1s \u00e9s az EU-forr\u00e1sok er\u0151teljesebb felhaszn\u00e1l\u00e1sa t\u00e1mogatja, ellens\u00falyozva az eur\u00f3z\u00f3n\u00e1ra kivetett amerikai v\u00e1mok negat\u00edv hat\u00e1sait.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">B\u00e1r Lengyelorsz\u00e1g diverzifik\u00e1lt gazdas\u00e1ga \u00e9s EU-tags\u00e1ga t\u00e1mogatja a jelenlegi besorol\u00e1st, az ad\u00f3ss\u00e1g stabiliz\u00e1l\u00e1s\u00e1nak elmulaszt\u00e1sa vagy a k\u00f6lts\u00e9gvet\u00e9si fegyelem roml\u00e1sa lemin\u0151s\u00edt\u00e9st eredm\u00e9nyezhet. A Fitch meger\u0151s\u00edtette Lengyelorsz\u00e1g \u201eA-\u201d szint\u0171 ad\u00f3sbesorol\u00e1s\u00e1t.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong><a href=\"https:\/\/www.portfolio.hu\/gazdasag\/20250906\/nem-hagyta-szo-nelkul-a-fitch-a-koltsegvetesi-helyzetet-figyelmeztetest-kapott-a-regio-bezzegorszaga-784496\" target=\"_blank\" rel=\"noreferrer noopener\">(portfolio.hu)<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Fitch Ratings negat\u00edvra rontotta Lengyelorsz\u00e1g kil\u00e1t\u00e1s\u00e1t, els\u0151sorban a n\u00f6vekv\u0151 k\u00f6lts\u00e9gvet\u00e9si kock\u00e1zatok miatt, mik\u00f6zben az orsz\u00e1g ad\u00f3sbesorol\u00e1s\u00e1t v\u00e1ltozatlanul hagyta.<\/p>\n","protected":false},"author":12,"featured_media":63406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,11,39],"tags":[3795,51153,976840,1274],"class_list":["post-63405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cikkek","category-kiemelt-tema","category-vilag","tag-fitch-ratings","tag-leminosites","tag-lengyel-koltsegvetes","tag-lengyelorszag"],"_links":{"self":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/63405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63405"}],"version-history":[{"count":1,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/63405\/revisions"}],"predecessor-version":[{"id":63407,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/63405\/revisions\/63407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/media\/63406"}],"wp:attachment":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}