Inflation in Poland this year is expected at 3.4 percent, while GDP growth should hit 3.7 percent, the National Bank of Poland (NBP) announced on Tuesday, quoting financial experts.
Poland should return to its pre-pandemic GDP levels in early 2022 despite the lockdowns in Poland and the EU’s major economies, Beata Javorcik, the EBRD’s chief economist, told Obserwator Finansowy.
Poland’s finance minister has welcomed a positive report on the Polish economy by ratings agency S&P.
Poland's GDP growth should increase up to 3.5 percent in 2021 and decrease to 4.5 percent in 2022, according to the latest World Economic Outlook by the International Monetary Fund (IMF).
Poland's 2020 general government deficit hit 6.9 percent of GDP against 0.7 percent in 2019, , stats office GUS said in a statement of a preliminary estimate.
Rating agency Standard & Poor's has lowered Poland's 2021 GDP growth forecast from 3.8 to 3.4 percent, and raised the 2022 forecast from 4.2 to 4.4 percent
The World Bank has reduced its forecast for Polish economic growth this year to 3.3 percent from 3.5 percent expected earlier.
The Polish economy is expected to grow by 4 percent in 2021, global ratings agency Moody's has written in a report published on March 29.
Poland's GDP will hit 4-5 percent this year, according to a Monetary Policy Council (RPP) member.
According to Poland's Institute of Forecasts and Economic Analyses (IPAG), the grey economy's share in Poland's GDP increased to 18.3 percent in 2021, from 18 percent in 2020, IPAG's vice-president announced on Tuesday.