IMF raises Poland's 2021 GDP growth forecast

The International Monetary Fund (IMF) has raised Poland's GDP growth forecast for this year from 4.6 percent forecast in July to 5.1 percent, according to its latest World Economic Outlook.

The IMF also lowered its 2022 GDP forecast for Poland from 5.2 percent to 5.1 percent.

The report's authors wrote that average annual CPI inflation in Poland will stand at 4.4 percent in 2021, and that it will reach 5.0 percent at the end of the year. In 2022, average annual inflation will amount to 3.3 percent and will fall to 2.6 percent at the end of the year.

According to the IMF, Poland's current account surplus is likely to reach 2.3 percent GDP in 2021, and 1.6 percent in 2022.