Increases in food prices in Poland will be biggest in Q4 2022 and will slow in subsequent quarters to single-digit growth expected in Q4 2023, the National Bank of Poland (NBP) has forecast in its November inflation report.
Poland’s GDP will contract by 0.2 percent, year on year, in 2023, according to the credit ratings agency Moody's.
Polish pensions will be indexed by 13.8 percent from March 2023 under a law passed by the Sejm, the lower house of parliament, on Thursday.
The International Monetary Fund (IMF) has lowered Poland's GDP growth forecasts for this year and next year.
The Fitch ratings agency has revised down Poland's GDP growth forecasts for both 2022 and 2023, to 3.9 percent from its previous estimate of 5.2 percent for this year and to 1.5 percent for next year from the level of 3.0 percent, the agency has indicated in a report.
Poland has the largest digital economy in Central and Eastern Europe, worth an estimated EUR 44 billion in 2021, according to a new report published on Wednesday.
Polish defence spending will have risen from PLN 37 billion (EUR 7.82 billion) in 2015, when the current government took office, to a planned PLN 98 billion (EUR 20.49) in 2023, the prime minister said on Tuesday.
Poland's exports will increase by 17.1 percent year on year in 2022, posting a slightly weaker growth than in 2021, the Polish Chamber of Commerce (KIG) said on Tuesday.
The governor of NBP, Poland's central bank, has said that the country's economic growth will reach 4-4.5 percent in 2022.
The recently-approved EU post-pandemic funding of the Polish economy will help improve deteriorating economic sentiment, the finance minister has told PAP.