IMF downgrades Poland's GDP growth forecast

The International Monetary Fund (IMF) has lowered Poland's Gross Domestic Product (GDP) growth forecasts for this year and next.

According to the IMF's World Economic Outlook report published on Monday, Poland's GDP is currently expected to grow by 0.3 percent in 2023, down from 0.5 percent predicted in the previous report issued in October.

In 2024, the Polish economy is expected to expand by 2.4 percent, down from October's 3.1-percent forecast.

Poland's GDP increased by 4.9 percent year on year in 2022, the country's Central Statistical Office (GUS) has reported.