Global ratings agency Fitch has raised its GDP growth forecast for Poland to 4.2 percent in 2019 from the previously expected 4.0 percent.
The Fitch ratings agency on Friday maintained Poland's 'A-' rating with a stable outlook against the background of the country's robust economic foundations and good fiscal condition. In a comment, the Entrepreneurship Ministry stressed Poland's economic stability.
Global ratings agency Fitch has lowered its forecast of Poland's general government deficit to 1.7 percent from 2.2 percent of the country's GDP in 2019 and upheld, at 2.3 percent, its forecast for 2020, according to data released Friday.
Global ratings agency Fitch has raised its GDP growth forecast for Poland to 5.1 percent in 2018 from the previously expected 4.8 percent.
The prospects of the Polish banking system remain stable and reflect the good financial condition of banks, their strong capital and liquidity based on the deposits of domestic clients, the Fitch Ratings agency wrote in a report on central European banks.
Government welcomes upgrade saying its policies are bringing “tangible results”.
Poland is more resistant to the outcomes of global trade tensions as compared to other Central and Eastern European countries, Moody's lead analyst for Poland Heiko Peters has told PAP.
Global ratings agency Fitch has raised Poland's GDP growth forecast to 4.8 percent from 4.4 percent in 2018 and to 3.6 percent from 3.4 percent in 2019, the agency's Friday report shows. Fitch expects that the Polish economy will start to cool down soon.
Moody’s credit rating agency, in a statement issued on September 14, announced that it had not updated Poland's credit rating.
The ratings agency Fitch has upgraded Poland's GDP growth estimate for 2018 to 3.9 percent from the previously expected 3.6 percent. The GDP growth estimate for 2019 (3.2 pct) remains unchanged.