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A Bad Year for Polish Stocks Investors Is Only Getting Worse

  • WIG20 is world’s worst performing index this year, down 39%
  • Stocks hit by Ukraine war, state intervention and growth woes
Updated on

A bad year for Polish stock investors got even worse in the third quarter as economic prospects for the country affected by the war in neighboring Ukraine deteriorated further.

Warsaw’s WIG20 index lost 19% since the end of June, taking its year-to-date drop to 39%, the worst showing among 92 global equity gauges tracked by Bloomberg. The index slumped to the lowest level since the Covid pandemic in 2020, while in US dollar terms it’s trading at a 19-year low.