Poland's Gross Domestic Product (GDP) increased by 8.5 percent year on year in the first quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on Tuesday.
According to initial estimates, Poland's 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on Thursday.
Poland should invest in improving productivity in order to maintain a high growth rate, the World Bank said in a report on Wednesday.
The European Bank for Reconstruction and Development (EBRD) has revised down Poland's projected GDP growth in 2023 to 3.5 percent from 4.5 percent, according to the EBRD's latest report.
Poland's economic growth rate will fall in 2023 to around 3 percent, the National Bank of Poland (NBP) governor said on Friday.
This year's economic growth is expected to reach 3.8 percent while annual inflation is to amount to 9.1 percent, according to a Finance Ministry macroeconomic forecast published on Tuesday.
Poland's general government sector deficit will reach 4 percent of GDP in 2022, Mateusz Morawiecki, the prime minister, has said.
Poland's economy expanded by 5.9 percent year on year in 2021, the Central Statistical Office (GUS) said on Friday.
The World Bank has trimmed its forecast of Poland's GDP growth in 2022 by 0.8 percentage points to 3.9 percent owing to the impact of the war in Ukraine.
Adam Glapiński, the president of the National Bank of Poland (NBP), said on Thursday that market sentiment remains strong, and that there is no risk of the economy drifting into stagnation due to rising interest rates.
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