Poland’s World-Beating Rally Is Facing an Election Reality Check

Revved-up Polish markets will be put to the test this weekend as voters head to the polls in the biggest challenge facing Premier Donald Tusk.

Polish assets have been on a blistering surge since Tusk swept to power in late 2023 with a promise to repair relations with the European Union and undo populist policy. Government bonds have returned 27% in the period, the zloty is the best-performing emerging currency after the ruble and Warsaw stocks are up 42% in dollar terms this year alone.