Poland is among the 7 Nato countries to meet the Alliance's 2-percent GDP defence spending goal, says a report presented on Tuesday in Brussels by Nato Secretary General Jens Stoltenberg.
Global ratings agency Fitch has downgraded Poland's GDP growth forecast for this year to 0.7 percent from 1.1 percent expected earlier.
Inflation in Poland will gradually decrease by several percentage points this year from its recent level of 17.2 percent, the Monetary Policy Council (RPP) said in a statement after its rate decision.
The volume of Poland's assistance to Ukraine puts it in the lead of large western countries while the government of Pedro Sanchez has been conducting "meagre and unclear" politics of support towards Ukraine after Russia's invasion, a Spanish daily has said.
The Polish economy is showing signs of slowing after posting a 2-percent year-on-year GDP increase in the fourth quarter of 2022, a government think-tank said on Tuesday.
Poland's Gross Domestic Product (GDP) increased by 2.0 percent year on year in the fourth quarter of 2022, the Central Statistical Office (GUS) reported on Tuesday, adding that this was in line with its earlier flash estimate.
Poland will become Nato’s leading defence spender in 2023 in relation to its economic size owing to around 4 percent of GDP going on weapons, the newspaper Dziennik Gazeta Prawna reported.
Andrzej Duda, the Polish president, has said that the recent visit by US President Joe Biden has shown the importance of Poland's location and its strategic significance on the US map of security.
The European Bank for Reconstruction and Development (EBRD) lowers forecast for Poland's GDP growth in 2023 to 1.0 percent.
The latest GDP data show that Poland may see a "soft landing" and avoid a recession, the Finance Ministry has said.
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