The Fitch ratings agency on Monday maintained Poland's GDP growth forecast at -3.2. percent in 2020 and at 4.5 percent in 2021.
Fitch Agency has downgraded Poland's economic growth forecast in 2020 to minus 3.2 percent year on year from the minus 1.7 percent expected in late April, and raised it to 4.5 percent in 2021 from 4.3 percent forecast earlier.
Poland's economic growth will decline to minus 1.7 percent in 2020, the ratings agency Fitch said in its latest forecast, cutting its previous growth estimate of minus 0.6 percent.
Poland's economic growth will decline to minus 0.6 percent in 2020, the ratings agency Fitch said in its latest forecast, cutting its previous growth estimate of 1.8 percent.
Agency’s positive rating reflects the strength and resilience of the Polish economy.
Global ratings agency Fitch, in its report on Thursday, stated that it had cut the GDP growth forecast for Poland to 1.8 percent in 2020 from the previously expected 3.3 percent.
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.